Madrid General Index is testing resistance at 720. Breakout would complete a double bottom, offering a target of 840*. Bullish divergence on 63-day Twiggs Momentum indicates a resurgence, but we are some way off a recovery above zero which would signal a primary up-trend.
Dow Jones Europe Index displays a strong bullish divergence on 63-day Twiggs Momentum, indicating a (primary trend) reversal. Recovery above zero would strengthen the signal. Penetration of the descending trendline would suggest a test of resistance at 265.
The FTSE 100 is headed for a test resistance at 6000. A trough at zero on 13-week Twiggs Money Flow suggests buying pressure but expect strong resistance at 6000 because of the number of previous reversals at this level.
top comments seems well reserched . ian