Brazil’s Bovespa Index is in a primary up-trend but currently undergoing a correction. Respect of the rising trendline would signal a healthy up-trend, while 13-week Twiggs Money Flow respect of the zero line would strengthen the signal.
* Target calculation: 60 + ( 60 – 50 ) = 70
South Africa’s JSE Overall Index indicates medium-term selling pressure on 21-day Twiggs Money Flow. A correction that respects support at 33000 would confirm the primary up-trend, offering a target of 36000*.
* Target calculation: 34.5 + ( 34.5 – 33 ) = 36