DAX follow-through above 7600 would confirm its earlier (7500) breakout signal for a primary advance. One concern: 13-week Twiggs Money Flow is lagging. This may be due to resistance at the 2011 high, but a lower TMO peak would warn of a reversal.
* Target calculation: 7500 + ( 7500 – 7000 ) = 8000
The FTSE 100 is testing long-term resistance at 6000/6100 but 13-week Twiggs Money Flow, again lagging, warns of selling pressure. Respect of resistance would re-test support at 5600, while breakout would offer an initial target of 6400; long-term 6750*.
* Target calculation: 6000 + ( 6000 – 5250 ) = 6750