Completion of a 13-week Twiggs Money Flow trough above zero indicates long-term buying pressure for Japan’s Nikkei 225 index. Breakout above medium-term resistance at 15200 suggests a rally to 16000. Reversal below 14800 is unlikely, but would warn of another test of primary support at 14000.
* Target calculation: 16000 + ( 16000 – 14000 ) = 18000
India’s Sensex is testing its new support level at 25000. The primary trend is up, but bearish divergence on 13-week Twiggs Money Flow warns of medium-term selling pressure. Breach of support would warn of a correction to 24000, but respect would confirm an advance to 26000*.
* Target calculation: 21000 + ( 21000 – 16000 ) = 26000