Japan’s Nikkei 225 Index broke through resistance at 9000 to offer a weak primary up-trend signal: there is no higher trough on the weekly chart. Recovery of 63-day Twiggs Momentum above zero supports the trend change, but wait for retracement to test the rising trendline.
* Target calculation: 9000 + ( 9000 – 8000 ) = 10000
The Seoul Composite Index is stronger, having already completed a higher trough. Target for the primary advance is 2150*. A 13-week Twiggs Money Flow trough that respects the zero line would further strengthen the signal.
* Target calculation: 1950 + ( 1950 – 1750 ) = 2150