China’s Shanghai Composite Index found strong support at 1990/2000. Breakout above 2080 would suggest a rally to 2150. Rising 21-day Twiggs Money Flow indicates medium-term buying pressure. Breach of 1990 is now unlikely, but would warn of a decline to 1850.
* Target calculation: 2000 – ( 2150 – 2000 ) = 1850
The ASX 200 responded with buying support, signaled by two long tails, at 5290. Recovery above 5380 would suggest another advance (confirmed by breakout above 5460), while failure of 5290 would signal continuation of the correction towards primary support at 5050.
* Target calculation: 5400 + ( 5400 – 5000 ) = 5800
ASX 200 VIX below 13 indicates low market risk.