The Footsie is again testing resistance at 6850. Follow-through above 6900 would signal an advance to 7200*. Rising 13-week Twiggs Money Flow troughs above zero indicate long-term buying pressure. Reversal below 6800 is unlikely, but would warn of another correction.
* Target calculation: 6800 + ( 6800 – 6400 ) = 7200
The DAX broke resistance at 9800. Expect retracement to test the new support level. Respect is likely and follow-through above 10000 would signal an advance to 10500*. Recovery of 13-week Twiggs Money Flow above the declining trendline suggests that selling pressure is easing. Reversal below 9750/9800 is unlikely, but would warn of another correction.
* Target calculation: 9750 + ( 9750 – 9000 ) = 10500