Narrow consolidation around 31000 is a bullish sign for India’s Sensex. Breakout above 31500 would signal a fresh advance. Twiggs Trend Index and Twiggs Money Flow both indicate healthy LT buying pressure. Target for an advance is 33000*.
* Target: 31500 + ( 31500 – 30000 ) = 33000
India’s Sensex continues to test medium-term support at 31000. Bearish divergence on Twiggs Money Flow indicates medium-term selling pressure. Respect of support would offer a target of 32000*. Completion of a second narrow consolidation, after the first between 29000 and 30000, would signal a strong bull market. Breach of support, however, would warn of a correction to 30000.
* Target: 29000 + ( 29000 – 26000 ) = 32000
India’s Sensex is consolidating above its new (medium-term) support level at 31000. Bearish divergence on Twiggs Money Flow indicates medium-term selling pressure. Target for the advance is 32000* but further testing of the new support level is likely.
* Target: 29000 + ( 29000 – 26000 ) = 32000
India’s Sensex continues to advance, breaking resistance at 31000. Rising Twiggs Money Flow indicates long-term buying pressure. Target for the advance is 32000* but expect retracement to first test the new support level.
* Target: 29000 + ( 29000 – 26000 ) = 32000
India’s Sensex advanced to 31000 having broken long-term resistance at 30000. Target for the advance is 32000* but expect retracement to first test the new support level. Rising Twiggs Money Flow indicates long-term buying pressure.
* Target: 29000 + ( 29000 – 26000 ) = 32000
A tall shadow suggests the Sensex is also likely to retrace, to test its new support level at 30000. Respect would confirm the primary advance. Declining Twiggs Money Flow indicates medium-term selling pressure but the long-term signal remains bullish. Target for the advance is 32000*.
* Target: 29000 + ( 29000 – 26000 ) = 32000
The Sensex closed above resistance at 30000, signaling a fresh primary advance. Target for the advance is 32000*.
* Target: 29000 + ( 29000 – 26000 ) = 32000
Shanghai’s Composite Index is testing support at 3100. Twiggs Money Flow recovered above zero but buying pressure remains weak. Breach of 3100 would warn of a primary down-trend.
* Target medium-term: May 2016 low of 2800
Hong Kong is faring better, with the Hang Seng index recovering above 24000 to signal a fresh advance.
India’s Sensex is testing major resistance at 30000. Rising Twiggs Money Flow indicates medium-term buying pressure. Breakout is likely and would offer a target of 32000*.
* Target medium-term: 29000 + ( 29000 – 26000 ) = 32000
Shanghai’s Composite Index is experiencing selling pressure, with Twiggs Money Flow crossing below zero for the first time since 2014. Reversal below 3100 would warn of a primary down-trend.
* Target medium-term: May 2016 low of 2800
India’s Sensex is consolidating in a bullish narrow band below major resistance at 30000. Rising Twiggs Money Flow indicates medium-term buying pressure. Breakout is likely and would offer a target of 32000*.
* Target medium-term: 29000 + ( 29000 – 26000 ) = 32000
India’s Sensex broke through resistance at 29000, signaling another advance. Twiggs Money Flow swung upward, the trough above zero indicating strong buying pressure. Resistance at the 2015 high of 30000 may yet prove stubborn, but the target for the advance is 32000*.
* Target: 29000 + ( 29000 – 26000 ) = 32000
