The ASX 200 is testing short-term resistance at 5300. Rising 21-day Twiggs Money Flow suggests buying pressure, but the latest hanging man candlestick is bearish. Follow-through above 5320 would indicate an advance to 5400*, while reversal below 5200 would test primary support at 5050.
* Target calculation: 5300 + ( 5300 – 5200 ) = 5400
The ASX 200 VIX below 20 continues to reflect low market risk.
