The FTSE 100 is advancing toward long-term resistance at 6750 on the monthly chart. Rising troughs on 13-week Twiggs Money Flow indicate long-term buying pressure.
* Target calculation: 6000 + ( 6000 – 5250 ) = 6750
Germany’s DAX is testing support at 7500. Bearish divergence on 13-week Twiggs Money Flow warns of selling pressure. Failure of 7500 would indicate a correction to test the rising trendline — and support at 7000.
* Target calculation: 7500 + ( 7500 – 7000 ) = 8000