The ASX 200 is testing resistance at 5540/5560. Oscillation of 21-day Twiggs Money Flow around zero continues to indicate hesitancy. Breakout above 5560 is unlikely, but would offer a target of 5700*. Reversal below 5450 would mean another test of support at 5370.
* Target calculation: 5550 + ( 5550 – 5400 ) = 5700
ASX 200 VIX below 10, however, continues to indicate a bull market.
