Weekly chart of the ASX 200 including after hours trade shows the market has rallied back toward the top of the resistance turned support zone. A move back over 5000, and especially back above last week's high, would call for continued rally to test the 2013 high.
Over to the US, where stocks rallied overnight, and a quick look at the NASDAQ 100 daily chart. Yesterday I wrote that a break lower from the wedge would be ominous. The lower trend line held fast, and while it continues to hold this index is trending up, regardless of that possible wedge.