Declining 13-week Twiggs Money Flow continues to warn of selling pressure on Japan’s Nikkei 225 Index. Breakout below the rising trendline would indicate another primary down-swing; confirmed if support at 8100 is broken.
* Target calculation: 8000 – ( 9000 – 8000 ) = 7000
Seoul Composite Index, on the other hand, followed through above 1950 to strengthen the primary up-trend (signal). Recovery of 13-week Twiggs Money Flow above its late-2011 high would confirm the signal.
* Target calculation: 1950 + (1950 – 1750 ) = 2150