ASX rally falters

The ASX 200 rally stalled at 5500. Declining 21-day Twiggs Money Flow indicates rising selling pressure. Breakout above 5500 would complete a bear trap, indicating a primary advance to 5800*. But reversal below 5400 would signal another test of primary support at 5150.

ASX 200

One thought on “ASX rally falters

  1. john brims says:

    Colin This is a pretty reliable indicator of US market and it clearly says sell. john

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