The All Ordinaries broke through 4700 to signal another test of 5000. Bullish divergence on Money Flow (21-day) indicates buying pressure; recovery above zero would confirm the advance. Expect some resistance at 4800. Reversal through support at 4500 is unlikely, but would warn of a primary down-trend.
The ASX 200 is headed for a test of 5000 after breaking short-term resistance at 4650. Twiggs Money Flow (13-week) recovery above the descending trendline would confirm. The long-term picture, however, shows a bearish right-angled broadening wedge pattern; breakout below the base (at 4500) would offer a target of 4000*.
* Target calculation: 4500 - ( 5000 - 4500 ) = 4000
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