Tag: FTSE 100 Index

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Europe rising

Madrid General Index continues to indicate strong buying pressure, with 13-week Twiggs Money Flow rising steeply. Expect a test of resistance at 900.

Madrid General Index

* Target calculation: 725 + ( 725 – 600 ) = 850

Germany’s DAX is testing long-term resistance at 7500/7600. Troughs above zero on 13-week Twiggs Money Flow indicate strong buying pressure. Breakout would signal an advance to 8400*.

DAX Index

* Target calculation: 7200 + ( 7200 – 6000 ) = 8400

The FTSE 100 tests short-term support at 5860 on the daily chart. Shallow retracement suggests an advance to primary resistance at 6000/6100. Recovery above 5900 would strengthen the signal. 21-Day Twiggs Money Flow troughs above zero indicate buying pressure. Expect strong resistance at 6000, because of the number of previous peaks at this level, but breakout would offer a long-term target of 6750*.

FTSE 100 Index

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

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Europe strengthening

The FTSE 100 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, because of the number of previous peaks at this level, but breakout would offer a long-term target of 6750*.

FTSE 100 Index

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

Europe is recovering strongly, with Dow Jones Europe Index testing primary resistance at 260/265. Rising 13-week Twiggs Money Flow indicates buying pressure. Breakout above 265 would signal an advance to 310*.

Dow Jones Europe Index

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

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Europe strengthening

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*.

FTSE 100 Index

* 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.

Dow Jones Europe Index

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

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European buying pressure

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.

FTSE 100 Index

* 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.

Dow Jones Europe Index

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

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European buying pressure

The FTSE 100 is retracing to test support at 5700. Rising 21-day Twiggs Money Flow indicates medium-term buying pressure. Respect of 5700 would signal an advance to 6100; expect strong resistance at that level because of the number of previous peaks. Breakout would offer a long-term target of 6750*.

FTSE 100 Index

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

Madrid General Index is consolidating above 720 after completing a double-bottom reversal. Follow-through above 760 would signal an advance to 900*. Bullish divergence on 13-week Twiggs Money Flow indicates long-term buying pressure. Penetration of the descending trendline would strengthen the reversal signal.

Madrid General Index

* Target calculation: 750 + ( 750 – 600 ) = 900

Germany’s DAX shows strong buying pressure, with 13-week Twiggs Money Flow oscillating high above zero. Consolidation or retracement below 7200 is likely, followed by an advance to 7600. Expect strong resistance at 7500/7600 because of the number of previous peaks.

DAX Index

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European revival

Madrid General Index broke above 720 to complete a double-bottom reversal with a target of 840*. Bullish divergence on 13-week Twiggs Money Flow indicates buying pressure. Penetration of the descending trendline would strengthen the reversal signal.

Madrid General Index

* Target calculation: 720 + ( 720 – 600 ) = 840

Italian FTSE MIB Index also completed a double bottom reversal, offering a target of 16500*. Bullish divergence on 13-week Twiggs Money Flow again indicates buying pressure.

FTSE Italian MIB Index

* Target calculation: 14500 + ( 14500 – 12500 ) = 16500

The FTSE 100 is headed for a test of major resistance at 6000. Expect strong resistance between 6000 and 6100 because of the number of previous peaks at this level. Breakout would offer a long-term target of 6750*. 13-Week Twiggs Money Flow oscillating above zero suggests a primary up-trend.

FTSE 100 Index

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

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Europe: Signs of a revival

Bullish divergence on Madrid General Index (13-week Twiggs Money Flow) indicates buying pressure. Breakout above 720 would complete a double-bottom reversal with a target of 840*. Penetration of the descending trendline would strengthen the signal.

Madrid General Index

* Target calculation: 720 + ( 720 – 600 ) = 840

FTSE 100 broke resistance at 5750 and is headed for a test of 6000 on the weekly chart. The 13-week Twiggs Money Flow trough above zero indicates a healthy primary up-trend. Expect strong resistance at 6000 because of the number of previous peaks at this level. Breakout would offer a long-term target of 6750*.

FTSE 100 Index

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

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Europe: Selling pressure

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*.

Dow Jones Europe Index

* 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.

FTSE 100 Index

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UK & Europe momentum rising

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.

Dow Jones Europe Index

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.

FTSE 100 Index

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UK and Europe: Tentative recovery

The FTSE 100 index broke resistance (and the descending trendline) at 5600/5620, suggesting the correction has ended. Oscillation of 63-day Twiggs Momentum around zero is narrowing, indicating hesitancy. Follow-through above 5650 would strengthen the breakout signal — as would recovery of 63-day Twiggs Momentum above zero — targeting 6000*. Reversal below 5600, however, would warn of a false signal.

FTSE 100 Index

* Target calculation: 5600 + ( 5600 – 5200 ) = 6000

Germany’s DAX is testing resistance at 6500; breakout would test the 2012 high of 7200. Rising 13-week Twiggs Money Flow (not shown) indicates buying pressure. Recovery of 63-day Twiggs Momentum above zero would strengthen the signal.

DAX Index

* Target calculation: 6500 + ( 6500 – 6000 ) = 7000

The Madrid General Index is headed for a test of medium-term resistance at 750/760. Bullish divergence on 13-week Twiggs Money Flow indicates buying pressure. Penetration of resistance — and the long-term descending trendline — would indicate a bottom is forming.

Madrid General Index

Italy’s MIB Index shows a similar bullish divergence on 13-week Twiggs Money Flow (not shown) — and on 63-day Twiggs Momentum. Recovery above 15000 would signal another test of long-term resistance at 17000.

MIB Index

* Target calculation: 15000 + ( 15000 – 13000 ) = 17000

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