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
India’s Sensex continues to meet resistance at 29000. Twiggs Money Flow now displays a mild bearish divergence. Breakout above 29000 would find resistance at the 2015 high of 30000 which may prove stubborn. Reversal below 28000 is less likely but would warn of another test of primary support at 26000.
India’s Sensex is again testing resistance at 29000, while rising Twiggs Money Flow indicates medium-term buying pressure. Breakout would offer a target of 32000* but the index will first have to overcome strong resistance at its 2015 high of 30000.
* Target: 29000 + ( 29000 – 26000 ) = 32000
India’s Sensex is running into resistance at 29000, with last week’s doji candlestick indicating indecision. Twiggs Money Flow recovered above zero but has since leveled off. Breakout above 29000 would find long-term resistance at 30000 which may prove to be stubborn. Reversal below 28000 would warn of another correction to test support at 26000.
India’s Sensex found support at 26000 and is headed for a test of medium-term resistance at 29000. Twiggs Money Flow recovery above zero indicates medium-term buying pressure. Breakout above 29000 would find long-term resistance at 30000 which may prove to be stubborn.
Japan is surging ahead, with the Nikkei 225 index headed for a test of 20000* after its breakout above 17500 four weeks ago.
* Target medium-term: 17500 + ( 17500 – 15000 ) = 20000
India’s Sensex found support at 26000, but narrow consolidation and declining Twiggs Money Flow both warn of selling pressure. Breach of 26000 would indicate another decline, with a target of 23000*.
* Target medium-term: 26000 – ( 29000 – 26000 ) = 23000
Shanghai Composite Index is undergoing another correction. Respect of support at 3100 would indicate a healthy up-trend, while breach of 3000 would warn of a reversal. Declining Twiggs Money Flow indicates medium-term selling pressure.
* Target medium-term: 3100 + ( 3100 – 2800 ) = 3400
Sharply falling Money Flow warns of strong selling pressure on Hong Kong’s Hang Seng Index. Breach of support at 22000 would signal a primary down-trend with an initial decline to 20000.
India’s Sensex rallied off support at 26000, but Twiggs Money Flow still warns of selling pressure. Breach of 26000 would indicate a test of 25000.
India’s Sensex found support at 26000, this week’s long tail suggesting buying pressure. Declining Twiggs Money Flow still signals selling pressure, however, and breach of 26000 would indicate a test of 25000.
Support levels are fairly weak all the way down to 23000 because of the absence of strong corrections during the March to September 2016 advance.
Last week’s rally exhausted itself and India’s Sensex is again testing support at 26000. Decline of Money Flow below zero reflects selling pressure. Breach of 26000 is likely and would indicate a test of 25000. Support levels are fairly weak all the way down to 23000 because of the absence of strong corrections during the March to September 2016 advance.
India’s Sensex corrected sharply but found support at 26000. Descending Money Flow still signals selling pressure but a trough at the zero line would reverse this. Recovery above 28200 would suggest another advance, confirmed if we see a breakout above 29000.
