The DAX rallied strongly off primary support at 9000. Recovery of 13-week Twiggs Money Flow above the descending trendline would suggest that medium-term selling pressure is easing. Breakout above 9800 would signal an advance to 10600. Breach of primary support is unlikely at present.
DAX Volatility retreated below 20, indicating low risk typical of a bull market.
Bearish (Twiggs Momentum) divergence on Dow Jones Euro Stoxx 50 suggests that a top is forming. Breach of support at 2950 or reversal of 13-week Twiggs Momentum below zero would signal a primary down-trend. Recovery above 3100, however, would suggest another advance and follow-through above 3180 would confirm.
* Target calculation: 3150 + ( 3150 – 2950 ) = 3350
Germany’s DAX respected primary support at 9000, but may be headed for a second test. Bearish divergence on 13-week Twiggs Money Flow continues to warn of medium-term selling pressure. Breach of support would signal a primary down-trend.
A DAX Volatility rise above 20 would signal moderate risk.
The Footsie is at short-term support at 6500. Failure is likely, and would test the primary level at 6400. Declining 21-day Twiggs Money Flow below zero indicates medium-term selling pressure.
* Target calculation: 6800 + ( 6800 – 6400 ) = 7200
Moscow’s MICEX index plunged over the last two weeks as tensions rise over the fate of Crimea and the Ukraine.
Countries neighboring Ukraine, such as Poland, have also suffered from increased uncertainty. The Warsaw WIG index is testing primary support at 50,000. Follow-through below 49,500 would signal a primary down-trend.
Germany’s DAX is also testing primary support, at 9000. Failure would signal a primary down-trend. Bearish divergence on 13-week Twiggs Money Flow continues to warn of medium-term selling pressure.
Rising DAX Volatility, above 20, reflects moderate risk.
The Footsie is headed for another test of primary support (6400) after breaking 6700. Breach would signal a down-trend, but respect of support remains as likely.
* Target calculation: 6800 + ( 6800 – 6400 ) = 7200
A monthly chart shows the Euro testing its long-term descending trendline at $1.39. Follow-through above $1.39 seems incongruous at present, but would signal an advance to $1.44*. Bearish divergence on 13-week Twiggs Momentum continues to warn of medium-term weakness, however, and reversal below $1.37 would indicate another correction.
* Target calculation: 1.36 + ( 1.36 – 1.28 ) = 1.44
The Euro broke through resistance at $1.38, signaling an advance to $1.43*. Retracement that respects the new support level would strengthen the signal. Bearish divergence on 13-week Twiggs Momentum continues to warn of medium-term weakness, however, and reversal below $1.38 would suggest another correction.
* Target calculation: 1.38 + ( 1.38 – 1.33 ) = 1.43
Germany’s DAX retreated below 9500 to warn of another correction. Bearish divergence on 13-week Twiggs Money Flow indicates medium-term selling pressure. Respect of primary support at 9000 — and the rising trendline — would confirm a healthy up-trend. Breach of support is unlikely, but would signal reversal to a down-trend.
DAX Volatility at 20 reflects moderate risk.
The Footsie retreated to support at 6690/6700 on the daily chart. Breach would indicate another test of primary support at 6400. The primary trend is upward and a 21-day Twiggs Money Flow trough above zero would reflect medium-term buying pressure.
* Target calculation: 6800 + ( 6800 – 6400 ) = 7200
The Euro has held up well despite rising tensions with Russia over the Ukraine. Reversal below $1.365 would warn of a test of primary support at $1.35. Bearish divergence on 13-week Twiggs Momentum suggests another correction. Breakout above $1.38 is less likely at present, but would signal an advance to $1.43*.
* Target calculation: 1.38 + ( 1.38 – 1.33 ) = 1.43
Dow Jones Euro Stoxx 50 retreated below 3100 and is likely to test primary support at 2920/2950. Breach of primary support would signal reversal to a down-trend.
* Target calculation: 3150 + ( 3150 – 2950 ) = 3350
Germany’s DAX is stronger, with rising 13-week Twiggs Money Flow suggesting another attempt at 10,000. But retreat below 9500 would test primary support at 9000.
DAX Volatility spiked above 20, but still reflects moderate risk.
The Euro encountered resistance at $1.38 and is again testing the new support level of $1.37 on the weekly chart. Bearish divergence on 13-week Twiggs Momentum warns of trend weakness, but only reversal below zero would indicate a primary trend reversal. Breach of primary support at $1.35 would signal a down-trend, while breakout above $1.38 would offer a target of $1.43*.
* Target calculation: 1.38 + ( 1.38 – 1.33 ) = 1.43
Germany’s DAX paints a similar picture to the Euro, with bearish divergence on 13-week Twiggs Money Flow suggesting sellers at 10,000. Retreat below 9600 would warn of another test of primary support at 9000.
DAX Volatility below 20, however, continues to suggest low risk typical of a bull market.
Germany’s DAX paints a similar picture to Dow Jones Euro Stoxx 50. Recovery above 9600 suggests an advance to 10600*. Breakout above 9800 would confirm. Completion of another 13-week Twiggs Money Flow trough high above zero would signal strong long-term buying pressure. Reversal below the latest rising trendline is unlikely, but would warn of a test of primary support at 9000.
* Target calculation: 9800 + ( 9800 – 9000 ) = 10600
DAX Volatility below 20 suggests a bull market.
The Euro retraced from resistance at $1.39 but appears unlikely to penetrate the rising trendline (having recently signaled a primary advance). Breach would warn of of trend weakness, but recovery above $1.39 is more likely and would signal an advance to $1.46*.
* Target calculation: 1.37 + ( 1.37 – 1.28 ) = 1.46
The dragonfly candlestick on Germany’s DAX indicates strong support at 9000. Recovery above 9400 would suggest the correction is over and breakout above 9800 would signal a fresh advance with a target of 10600*. Reversal below 9000 is unlikely, but would warn of a correction to the primary trendline. Completion of another 13-week Twiggs Money Flow trough high above zero would signal strong long-term buying pressure.
* Target calculation: 9800 + ( 9800 – 9000 ) = 10600
Retreat of DAX Volatility below 20 suggests low risk indicative of a bull market.
Germany’s DAX shows medium-term selling pressure, with bearish divergence on 13-week Twiggs Money Flow. Breach of support at 9400 — and the latest rising trendline — would warn of a correction to 9000. Respect of 9400 is unlikely, but would signal a primary advance to 10200*.
* Target calculation: 9800 + ( 9800 – 9400 ) = 10200
Germany’s DAX broke resistance at 9600, heading for the psychological barrier of 10000. Reversal below the secondary trendline is unlikely, but would warn of a correction. Completion of another 13-week Twiggs Money Flow high above zero would signal strong long-term buying pressure.
* Target calculation: 9400 + ( 9400 – 9000 ) = 9800
Low DAX Volatility suggests a bull market.
