Shanghai remains closed for National Day holidays, October 1st to 7th.
India’s Sensex is testing support at 26500. Penetration of the secondary rising trendline and follow-through below 26000 would warn of a correction. Bearish divergence on 13-week Twiggs Money Flow continues to signal selling pressure. Reversal below zero would warn of a trend change. Recovery above 27000 is unlikely at present, but would indicate an advance to 28000*.
* Target calculation: 27000 + ( 27000 – 26000 ) = 28000
Japan’s Nikkei 225 index is testing support at 15500 and the rising trendline. Failure of support would warn of a secondary correction, but 13-week Twiggs Money Flow continues to indicate buying pressure. Recovery above 16000 would suggest another advance. Breakout above 16300 would confirm.
* Target calculation: 16000 + ( 16000 – 14000 ) = 18000