Japan’s Nikkei 225 Index reflects strong buying support, with a long tail on last week’s candle. Recovery above 10000 would signal an advance to 11000*, the gap between the low (9400) and medium-term support at 9000 indicating strong buying pressure. 63-Day Twiggs Momentum confirms a strong primary up-trend.
* Target calculation: 10 + ( 10 – 9 ) = 11
Dow Jones South Korea Index is holding above medium-term support at 425. Follow-through above 445 would confirm the advance to 480*. 13-Week Twiggs Money Flow respecting zero (from above) indicates a strong primary up-trend.
* Target calculation: 420 + ( 420 – 360 ) = 480
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
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.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.