Australia: ASX The All Ordinaries

[setravis]

Australia: ASX The All Ordinaries...

The All Ordinaries broke resistance at 5000, with Twiggs Money Flow (21-day) indicating strong buying pressure. Expect a primary advance, confirmed if retracement respects the new support level, with a long-term target of 5750*.

* Target calculation: 5000 + ( 5000 - 4250 ) = 5750

[setravis]

The ASX 200 is lagging slightly, but Twiggs Momentum respecting the zero line suggests a similar advance. Breakout above 5000 would confirm.

* Target calculation: 4800 + ( 4800 - 4600 ) = 5000

[setravis]

Australia: ASX The All Ordinaries...
The All Ordinaries retreated below 5000, with a slight divergence on Twiggs Money Flow (21-day) warning of retracement. The primary advance is expected to continue, confirmed if retracement respects support at 4950, offering a long-term target of 5750*.

* Target calculation: 5000 + ( 5000 - 4250 ) = 5750

[setravis]

ASX 200 Twiggs Momentum continues to oscillate above the zero line, indicating a healthy up-trend. Breakout above 5000 would signal a fresh primary advance.

* Target calculation: 4800 + ( 4800 - 4600 ) = 5000

[setravis]

Australia: ASX The All Ordinaries...

The All Ordinaries is testing support at 4900; failure would warn of a correction. Twiggs Money Flow (21-day) reversal below zero would confirm. Recovery above 5000 is less likely, but would offer a long-term target of 5750*.

* Target calculation: 5000 + ( 5000 - 4250 ) = 5750

[setravis]

Australia: ASX The All Ordinaries...

Twiggs Momentum on the ASX 200 continues to oscillate above the zero line, indicating a healthy up-trend. Breakout above 5000 would signal a fresh primary advance, while reversal below 4800 would warn of a correction.

* Target calculation: 4800 + ( 4800 - 4600 ) = 5000

[setravis]

Australia: ASX The All Ordinaries...
The All Ordinaries closed below support at 4900; follow-through below 4880 would confirm a correction. Twiggs Money Flow (21-day) reversal below zero would strengthen the signal. Recovery above 5000 is unlikely, but would offer a long-term target of 5750*.

* Target calculation: 5000 + ( 5000 - 4250 ) = 5750

[setravis]

The ASX 200 similarly closed below support at 4800. Follow-through would warn of a correction — as would Twiggs Momentum reversal below zero.

* Target calculation: 4800 + ( 4800 - 4600 ) = 5000

[setravis]

Australia: ASX...
The All Ordinaries broke out of its trend channel, indicating that the correction is losing momentum. Twiggs Momentum (21-day) remains below zero, however, warning of further weakness. Expect retracement to test support, but breach of primary support is unlikely.

[setravis]

The longer-term picture looks more promising, with bullish divergence on 13-week Twiggs Money Flow indicating buying pressure. Another retracement that respects 4500 would suggest an attempt at 5000.