Japan selling pressure but South Korea holds firm

Japan’s Nikkei 225 shows medium-term selling pressure on 21-day Twiggs Money Flow. Expect a correction to test the new support level at 9000.

Nikkei 225 Index

* Target calculation: 10000 + ( 10000 – 9000 ) = 11000

South Korea’s Seoul Composite Index is consolidating below resistance at 2050. 63-Day Twiggs Momentum holding above zero indicates a primary up-trend. Breakout above 2050 would indicate an advance to 2150*.

Seoul Composite Index

* Target calculation: 1950 + ( 1950 – 1750 ) = 2150