The Straits Times Index broke through 2700, warning of another primary down-swing. The decline of 63-day Twiggs Momentum below zero indicates a primary down-trend. Target for the initial down-swing is 2100*.
* Target calculation: 2500 – ( 2900 – 2500 ) = 2100
India’s BSE Sensex Index broke the band of primary support at 15800 to 16000, warning of a decline to 14000*. Repeated peaks below zero on 63-day Twiggs Momentum indicate a strong primary down-trend.
* Target calculation: 16 – ( 18 – 16 ) = 14