The ASX 200 is once again testing support at 5380/5400. Declining 21-day Twiggs Money Flow below zero indicates medium-term selling pressure. Correction to 5300 is likely. The primary trend remains upward and this should prove a good entry point for long-term investors. Recovery above 5470 is unlikely at present, but would signal another primary advance.
* Target calculation: 5550 + ( 5550 – 5400 ) = 5700
ASX 200 VIX remains low, indicative of a bull market.
