Australia: ASX The All Ordinaries

[setravis]

Australia: ASX The All Ordinaries

The All Ordinaries retraced to test the new support level at 3700/3750 after a weak primary trend signal. Bearish divergence on Twiggs Money Flow (21-Day) indicates weakness. Failure of 3700 would warn of a test of primary support at 3100 — confirmed if 3600 is broken. Reversal above 3800, however, would signal continuation of the bear rally.


The ASX 200 displays a similar bearish divergence on Twiggs Money Flow (21-Day). Failure of support at 3650 would confirm the down-swing to test primary support at 3150. In the longer term, failure of support at 3150 would offer a target of the 2003 low of 2700 — while respect of support would signal a primary up-trend.

[setravis]

Australia: All Ordinaries...
The All Ordinaries is also testing the lower border of its trend channel, following bearish divergence on Twiggs Money Flow (21-Day). Failure of support at 3700 would signal the end of the bear rally of recent months — and test primary support at 3100. Confirmed if 3600 is broken or Twiggs Money Flow (21-Day) crosses to below zero. Reversal above 3800 is unlikely, but would signal continuation of the bear rally.

[setravis]

Australia: ASX
The All Ordinaries is testing support at 3900, with bearish divergence on Twiggs Money Flow (21-Day) warning of selling pressure. Having already broken out below the rising trend channel, follow-through below 3900 would signal a correction to test primary support at 3100.

[setravis]

Resistance at 4000 presents an obsacle for both the ASX 200 and All Ords. Bearish divergence on the ASX 200 Twiggs Money Flow (21-Day) warns of selling pressure. And retreat below 3900 would warn of a test of primary support at 3150.

[setravis]

Australia: ASX The All Ordinaries...Bearish Divergence
The All Ordinaries testing support at 3750 threatens a similar head and shoulders reversal to the Dow. Breakout below its trend channel and bearish divergence on Twiggs Money Flow (21-Day) increase the likelihood of a correction. Penetration of support at 3700 would provide further confirmation. The target for a correction would be the March low of 3100. Reversal above 4000 is most unlikely — but would indicate a primary advance.

[setravis]

ASX 200 reversal below 3700 [orange] would signal a secondary correction to test primary support at 3150. Bearish divergence on Twiggs Money Flow (21-Day) warns of selling pressure; reversal of the longer-term 13-Week indicator below 0.1 would confirm the bear signal.

[setravis]

Australia: ASX The All Ordinaries...
The All Ordinaries penetrated resistance at 3950, confirming that the correction is over. Breakout above 4050 would signal a primary advance with a target of 4400.

[setravis]

Australia: ASX...
The All Ordinaries is testing short-term resistance at 4500. Breakout would indicate another test of resistance at 4650. Twiggs Money Flow (21-day) respecting zero indicates medium-term buying pressure. Upward breakout would signal an advance to 5000
Target calculation: 4650 + ( 4650 - 4250 ) = 5050

[setravis]

Australia: ASX...

The All Ordinaries is consolidating with a small doji below resistance at 4650. Breakout is likely and would signal an advance to 5000*. Twiggs Money Flow (21-day) respecting zero indicates medium-term buying pressure.

Target calculation: 4650 + ( 4650 - 4250 ) = 5050

[setravis]

Australia: ASX...

The All Ordinaries broke through resistance at 4650, indicating an advance to 5000. Twiggs Money Flow (21-day) holding above zero indicates buying pressure.

Target calculation: 4650 + ( 4650 - 4250 ) = 5050

[setravis]

Australia: ASX...
The All Ordinaries is retracing to test the new support level at 4620*. Respect would confirm the advance to 5000*. Twiggs Money Flow (21-day) holding above zero indicates buying pressure.

Target calculation: 4650 + ( 4650 - 4250 ) = 5050

[setravis]

Australia: ASX...
The All Ordinaries respected support at 4650, indicating a primary advance to 5000*. Twiggs Money Flow (21-day) holding above zero signals buying pressure.

Target calculation: 4650 + ( 4650 - 4250 ) = 5050

[setravis]

Australia: ASX
The All Ordinaries trend channel indicates an advance to 5000*. Twiggs Momentum (21-day) dipped briefly below the rising trendline but recovered to suggest futher upside. Reversal below 4620 is unlikely, but would warn of a correction to the lower channel line.

* Target calculation: 4650 + ( 4650 - 4250 ) = 5050

The ASX200 broke above the large triangle on Twiggs Money Flow (13-week), signaling long-term buying pressure. Expect a test of 5000.

[setravis]

Australia: ASX...
The All Ordinaries encountered strong selling at 4900. Twiggs Momentum displays a bearish divergence, but Twiggs Money Flow (21-day) remains strong. Reversal below the rising trendline would reinforce the declining Momentum; recovery above 4900 is less likely, but would signal an advance to 5150*.

* Target calculation: 4900 + ( 4900 - 4650 ) = 5150

[setravis]

Australia: ASX The All Ordinaries...

The All Ordinaries broke short-term resistance at 4950, indicating another advance. Rising Twiggs Money Flow (21-day) indicates buying pressure. Failure of support at 4800 is now unlikely, but would signal a test of primary support at 4650.

* Target calculation: 4900 + ( 4900 - 4650 ) = 5150