Dow Jones Euro Stoxx 50 broke through resistance at 3180, signaling an advance to 3350*. Completion of a 13-week Twiggs Momentum trough above zero would confirm strong buying pressure. Reversal below 3150 is unlikely, but would warn of a bull trap.
* Target calculation: 3150 + ( 3150 – 2950 ) = 3350
DAX breakout above 9800 would signal an advance to 10600* — though there is bound to be some resistance at 10000. Recovery of 13-week Twiggs Money Flow above the descending trendline would suggest that medium-term selling pressure is easing. Reversal below 9400 is unlikely, but would indicate another test of primary support at 9000.
DAX Volatility at 15 indicates low risk typical of a bull market.
The Footsie is testing medium-term resistance at 6700. 13-Week Twiggs Money Flow oscillating above zero indicates healthy (long-term) buying pressure. Reversal below the rising trendline is unlikely, but would test primary support at 6400. Breakout above 6850 is not yet likely, but would offer a target of 7200*.
* Target calculation: 6800 + ( 6800 – 6400 ) = 7200