Japan’s Nikkei 225 index is testing medium-term resistance at 9000/9100. Breakout would test 10000. Troughs below zero on 13-week Twiggs Money Flow indicate weakness.
China’s Shanghai Composite Index is retracing to test resistance at 2250. Respect would confirm a primary down-trend — already signaled by 63-day Twiggs Momentum below zero.
* Target calculation: 2250 – ( 2500 – 2250 ) = 2000
Wait for confirmation from a Shenzhen Composite index reversal below 880/900. A 63-day Twiggs Momentum peak below zero would strengthen the signal.
Singapore Straits Times Index broke through medium-term resistance at 2900, headed for a test of 3050. Recovery of 63-day Twiggs Momentum above zero suggests that the primary up-trend is intact.
* Target calculation: 3050 + ( 3050 – 2900 ) = 3200
India’s Sensex displays a healthy bullish divergence on 13-week Twiggs Money Flow, indicating reversal to a primary up-trend. Breakout above 17000 suggests another test of 18500. And breach of 18500 would confirm the primary up-trend.
* Target calculation: 18500 + ( 18500 – 16000 ) = 21000