Dow Jones China index is retracing to test primary support at 245. Declining 63-day Twiggs Momentum, below zero, continues to indicate a primary down-trend. Failure of support would offer a target of 200*.
* Target calculation: 250 – ( 300 – 250 ) = 200
Hong Kong’s Hang Seng penetrated the descending trendline at 22000, indicating an advance to 22000. Recovery of 63-day Twiggs Momentum above zero suggests a primary up-trend. Breakout above 22000 would confirm.
India’s Sensex broke through 18500, confirming the primary up-trend. The trough above zero on 13-week Twiggs Money Flow indicates buying pressure. Expect retracement to test the new support level.
* Target calculation: 18.5 + ( 18.5 – 16.0 ) = 21.0
Singapore’s Straits Times Index respected support at 3000. Rising 63-day Twiggs Momentum, above zero, indicates a primary up-trend. Follow-through above 3100 would indicate an advance to 3300*.
* Target calculation: 3000 + ( 3000 – 2700 ) = 3300
Japan’s Nikkei 225 is testing resistance at 9200. Breakout would signal a primary advance to 10200. Recovery of 13-week Twiggs Money Flow above zero indicates rising buying pressure.
* Target calculation: 9200 + ( 9200 – 8200 ) = 10200
You’re not covering Korea anymore? Please don’t stop covering Korea. I am a Canadian living and trading in Korea, and I very much appreciate your excellent analysis of Korea.
I will try to fit South Korea in more often.