Japan’s Nikkei 225 broke short-term support at 14300, indicating a correction to 13000. Penetration of the rising trendline would warn that momentum is slowing, while breach of 13000 would signal a primary down-trend. Earlier bearish divergence on 13-week Twiggs Money Flow warned of a reversal; decline below recent lows at 15% would strengthen the signal.
China’s Shanghai Composite followed through today above the (secondary) declining trendline, suggesting a rally to test resistance — and the upper trend channel — at 2330. A 21-day Twiggs Money Flow trough above zero would indicate medium-term buying pressure. Reversal below 2150 is unlikely, but would indicate another test of primary support at 1950.
India’s Sensex is consolidating below resistance at 20400 — a bullish sign. Breakout above 20400 would signal another primary advance, but reversal below 19400 is as likely, and would warn of another test of 18000. A 13-week Twiggs Money Flow trough above zero would indicate long-term buying pressure.
* Target calculation: 18500 – ( 20500 – 18500 ) = 16500