India’s Sensex broke through 19000 to confirm an advance to 20000*. Oscillation of 13-week Twiggs Money Flow above zero indicates long-term buying pressure.
* Target calculation: 19 + ( 19 – 18 ) = 20
Singapore’s Straits Times Index is testing resistance at 3100. Breakout would indicate a test of the upper trend channel at 3260*. Respect would test the lower channel at 2900. The 63-day Twiggs Momentum trough above zero suggests a primary advance.
* Target calculation: 3100 + ( 3100 – 2940 ) = 3260
Japan’s Nikkei 225 Index is retracing to test the new support level at 9200/9300. Respect would confirm an advance to 10200*. Rising 63-day Twiggs Momentum suggests a primary up-trend; look for a trough above zero to confirm.
* Target calculation: 9200 + ( 9200 – 8200 ) = 10200