Dow Jones Hong Kong Index is holding above support at 410. Respect of support would confirm the primary up-trend already signaled by a 63-day Twiggs Momentum cross above zero.
The Hang Seng similarly respected support at 20000, indicating a primary up-trend, while rising 13-week Twiggs Money Flow indicates buying pressure.
* Target calculation: 20 + ( 20 – 17.5 ) = 22.5
The Shanghai Composite Index is headed for a test of resistance at 2500. Breakout would signal a primary up-trend. Recovery of 63-day Twiggs Momentum above zero would strengthen the signal.
* Target calculation: 2500 + ( 2500 – 2250 ) = 2750
A primary up-trend on the Shanghai index would boost the recovery in Australia.
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.
Many thanks ,i would like see charts behavior for gold and silver .dollar index please.
I normally update these on a Thursday.
Great style of analysis…….simple language…..very easy to understand…..having a superb capacity & capability to
touch the masses…………..EXCELLENT WORK……Congrats…