The Singapore Straits Times Index closed at 2900 Monday, confirming a primary down-trend. Initial target for the down-swing is 2800*.
* Target calculation: 3000 – ( 3200 – 3000 ) = 2800
The Indian Sensex Index broke support at 17500, testing 17000 Monday before the close. Target for the down-swing is 16000*.
* Target calculation: 17500 – ( 19000 – 17500 ) = 16000