Tag: Dow Jones Europe Index

The FTSE 100 found support at 5600 and is headed for a test of primary resistance at 6000/6100. Rising 13-week  Twiggs Money Flow indicates buying pressure. Expect strong selling at resistance but breakout would offer a long-term target of 6750*.

* Target calculation: 6000 + ( 6000 – 5250 ) = 6750

Dow Jones Europe Index is headed for a test of primary resistance at 260/265. Breach of the descending trendline indicates a bottom. Bullish divergence on 63-day Twiggs Momentum suggests a primary up-trend, but only a trough above zero, or breakout above 265, would confirm.

* Target calculation: 260 + ( 260 – 210 ) = 310

The FTSE 100 is testing medium-term support at 5700. Respect would test resistance at 6000/6100*, while failure would warn of a correction. A 63-day Twiggs Momentum trough above zero would strengthen the bull signal. Breakout above 6100 is still some way off but would offer a long-term target of 6750.

* Target calculation: 5900 + ( 5900 – 5700 ) = 6100

Dow Jones Europe Index is consolidating below 250 after breaking resistance at 240. Follow-through above 250 would signal an advance to the 2012 high of 265. Bullish divergence on 63-day Twiggs Momentum suggests a primary up-trend, but this would require a trough above zero — or breakout above 265 on the weekly chart — to confirm.

* Target calculation: 260 + ( 260 – 210 ) = 310

Dow Jones Europe Index is testing the long-term descending trendline at 240 but 13-week Twiggs Money Flow failure to cross above zero warns of strong selling pressure. Breakout below primary support at 210 would indicate a decline to 180*.

* Target calculation: 210 – ( 240 – 210 ) = 180

Narrowing 63-Day Twiggs Momentum (around zero) on the FTSE 100 suggests a ranging market. Respect of resistance at 5750 would test primary support at 5250, while breakout would indicate an advance to 6000.

Dow Jones Europe Index is headed for a test of the long-term descending trendline at 240. Upward breakout would support the bullish divergence on 63-day Twiggs Momentum, indicating a primary up-trend. Breakout above 265 would confirm. Respect of resistance at 240, however, would warn of another test of primary support at 210.

The FTSE 100 penetrated its descending trendline, suggesting that a bottom is forming. Retracement that respects support at 5250 would confirm. Recovery of 63-Day Twiggs Momentum above zero would also favor an up-trend.

The FTSE 100  is headed for resistance at 5600 but 21-day Twiggs Money Flow reversed below zero warning of short-term selling pressure. Failure of support at 5400 would mean another test of primary support at 5250, while respect would confirm the rally to 5600. In the longer term, breach of the descending trendline (at 5600) would indicate that the down-trend has ended.

Dow Jones Europe Index rallied off primary support at 210. Breach of medium-term resistance at 230 would suggest a rally to the primary descending trendline. 13-Week Twiggs Money Flow, however, continues to display long-term selling pressure. Breach of primary support would offer a long-term target of 160*. Breakout above 265 is unlikely but would indicate an advance to 310*.

* Target calculation: 260 + ( 260 – 210 ) = 310; 210 – ( 260 – 210 ) = 160

Dow Jones Europe Index is testing long-term support at 210. Failure would signal a decline to the 2009 low of 150*. Declining 63-day Twiggs Momentum (below zero) already warns of a primary down-trend, while 13-week Twiggs Money Flow indicates strong selling pressure.

* Target calculation: 210 – ( 270 – 210 ) = 150

The FTSE 100 index is retracing to test resistance at 5600. Respect would indicate another primary decline — to test 5000 — while breach of medium-term support at 5250 would confirm. 63-Day Twiggs Momentum below zero already warns of a primary down-trend. A peak below the zero line would further strengthen the signal.

* Target calculation: 5300 – ( 5600 – 5300 ) = 5000

Dow Jones Europe Index broke medium-term support at 240, warning of another test of primary support at 210. Reversal of 63-day Twiggs Momentum warns of a primary down-trend. Failure of support would confirm.

The FTSE 100 broke medium-term support at 5600, indicating another test of primary support at 5000/5050. Breach of the rising trendline and retreat of 63-Day Twiggs Momentum below zero both warn of a primary down-trend. Failure of primary support would confirm.

Dow Jones Europe Index respected resistance at 260, suggesting another correction. Declining 13-week Twiggs Money Flow indicates medium-term selling pressure; but a trough that respects the zero line would signal a primary up-trend. Respect of support at 240 would also suggest an up-trend.

* Target calculation: 260 + ( 260 – 210 ) = 310

The FTSE 100 is headed for a test of support at 5600. Respect of support would confirm the primary up-trend, as would a 13-week Twiggs Money Flow trough above zero.

* Target calculation: 5500 + ( 5700 – 5100 ) = 6300