Europe shows signs of a revival. Dow Jones Europe Index is testing resistance at 260. Breakout would signal a primary up-trend. Respect of the zero line by 13-week Twiggs Money Flow indicates long-term buying pressure. Target for the advance would be 310*.
* Target calculation: 260 + ( 260 – 210 ) = 310
FTSE 100 Index shows even stronger buying pressure on 13-week Twiggs Money Flow. Expect the correction to respect support at 5600, followed by an advance to 6100.
* Target calculation: 5700 + ( 5700 – 5200 ) = 6200