Japan’s Nikkei 225 Index broke resistance at 17500 while rising Money Flow indicates buying pressure. Target for the rally is the November 2015 high of 20000*.
* Target medium-term: 17500 + ( 17500 – 15000 ) = 20000
Shanghai Composite Index followed through after a brief consolidation at 3200, offering a target of 3400*. Expect retracement to test the new support level at 3100 but rising Money Flow suggests respect is likely.
* Target medium-term: 3100 + ( 3100 – 2800 ) = 3400