The ASX 200 rallied after a strong showing in US and Chinese markets. Recovery above 5550 would suggest an advance to 5750. Completion of another 13-week Twiggs Money Flow trough above zero would strengthen the signal. Reversal below the rising trendline now appears unlikely, but would warn of a test of primary support at 5050.
* Target calculation: 5550 + ( 5550 – 5350 ) = 5750
Retreat of the ASX 200 VIX below 15 suggests low risk typical of a bull market.
