The ASX 200 rallied off support at 5000. Breakout above 5120 would indicate an advance to 5250. Rising 21-day Twiggs Money Flow supports the signal. Reversal below 5000 is unlikely, but would test medium-term support at 4850. Breakout above 5250 would present a long-term target of 5850*.
* Target calculation: 5250 + ( 5250 – 4650 ) = 5850
The ASX 200 Volatility Index ($XVI) below 15 is a bullish sign.
