Japan’s Nikkei 225 Index is testing resistance at 10,000. Rising 13-week Twiggs Money Flow indicates strong buying pressure. Expect a short retracement followed by an advance to 11,000*.
* Target calculation: 10000 + ( 10000 – 9000 ) = 11000
India’s Sensex Index is testing resistance at 18,000 after respecting support at 17,000. Rising 13-week Twiggs Money Flow indicates strong buying pressure. Upward breakout would signal an advance to 20,000*.
* Target calculation: 18500 + ( 18500 – 17000 ) = 20000
South Korea’s Seoul Composite Index is similarly testing resistance, at 2050. Breakout would signal an advance to 2200. Respect of the zero line by 13-week Twiggs Money Flow indicates long-term buying pressure, suggesting out-performance.
* Target calculation: 2050 + ( 2050 – 1950 ) = 2150