The ASX 200 closed below short-term support at 5500, warning of another test of support at 5400. Declining 21-day Twiggs Money Flow indicates short-term selling pressure. Breakout above 5550 is unlikely in the short-term, but would signal an advance to 5700*.
* Target calculation: 5550 + ( 5550 – 5400 ) = 5700
ASX 200 VIX below 12 indicates low risk typical of a bull market.
