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.
* 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*.
* Target calculation: 1950 + ( 1950 – 1750 ) = 2150
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients.
Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter.
Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.