The FTSE 100 reflects selling pressure, with a large bearish divergence on 13-week Twiggs Money Flow, but breakout above resistance at 6800 would indicate a test of long-term resistance at 6950/7000. Completion of another 13-week Twiggs Money Flow trough above zero would strengthen the signal. Breach of the primary trendline is less likely, but would warn of a reversal, while breach of primary support at 6400 would confirm.
* Target calculation: 6700 + ( 6700 – 6400 ) = 7000
The S&P 500 broke resistance at 1810, signaling an advance to 1910*. Troughs high above zero on 13-week Twiggs Money Flow indicate strong buying pressure.
* Target calculation: 1810 + ( 1810 – 1710 ) = 1910
The FTSE 100 completed its correction with a break above the descending trendline. Troughs above zero on 13-week Twiggs Money Flow indicate buying pressure. Breakout above 6800 would offer a target of 7200*, but expect strong resistance at the 1999 high of 6950/7000.
* Target calculation: 6800 + ( 6800 – 6400 ) = 7200
The Dow Jones Euro Stoxx 50 broke resistance at 3100, signaling an advance to 3350*. Troughs above zero on 13-week Twiggs Momentum indicate a healthy up-trend. Retracement to test the new support level is likely; respect would strengthen the bull signal.
* Target calculation: 3100 + ( 3100 – 2850 ) = 3350
Germany’s DAX similarly broke resistance at 9400, offering a target of 10200*. Troughs high above zero on 13-week Twiggs Money Flow indicate strong buying pressure.
* Target calculation: 9400 + ( 9400 – 8600 ) = 10200
India’s SENSEX is testing resistance at 21200 after a correction that respected support at 20200. Breakout would signal an advance to 22200*. A 13-week Twiggs Money Flow trough above zero would indicate buying pressure and a healthy up-trend.
* Target calculation: 21200 + ( 21200 – 20200 ) = 22200
Japan’s Nikkei 225 broke resistance at 16000, supported by a strong rise in the Dollar/Yen exchange rate. Breakout signals a primary advance with a long-term target of 19000*. Completion of a 13-week Twiggs Money Flow trough above zero suggests buying pressure and a healthy up-trend.
* Target calculation: 16000 + ( 16000- 13000 ) = 19000
A single cloud on the horizon, the Shanghai Composite Index is testing primary support at 2080. Failure of support would signal a primary down-trend with an immediate target of 1900*. Bearish divergence on 21-day Twiggs Money Flow indicates medium-term selling pressure, but recovery above zero would suggest support.
* Target calculation: 2080 – ( 2260 – 2080 ) = 1900
The ASX 200 is lagging other markets because of negative influence from China. Bearish divergence on 13-week Twiggs Money Flow indicates selling pressure. Respect of resistance at 5450 would be cause for concern if followed by reversal below 5300. Breakout above 5450 and completion of a trough above zero on 13-week Twiggs Money Flow, however, would signal another primary advance, with a target of 5900*.
* Target calculation: 5450 + ( 5450 – 5000 ) = 5900
The FTSE 100 continues to display selling pressure, with a large bearish divergence on 13-week Twiggs Money Flow. Failure of primary support at 6400, and breach of the rising trendline, would warn of reversal to a primary down-trend. Follow-through below 6300 would confirm. Recovery above the descending trendline is less likely, but would signal continuation of the primary up-trend.
* Target calculation: 6700 + ( 6700 – 6400 ) = 7000
Dow Jones Euro Stoxx 50 retreated below the first line of support at 3000, warning of a correction to the rising trendline. 13-Week Twiggs Momentum above zero continues to suggest a primary up-trend. A trough above zero would strengthen the signal. Recovery above 3100 is now unlikely, but would signal an advance to 3500*.
* Target calculation: 3000 + ( 3000 – 2500 ) = 3500
Germany’s DAX continues a primary advance with a long-term target of 10000*. Rising 13-week Twiggs Money Flow indicates strong buying pressure. Reversal below 9000, however, would warn of a correction.
* Target calculation: 7500 + ( 7500 – 5000 ) = 10000
France’s CAC-40 also displays long-term buying pressure, with rising 13-week Twiggs Money Flow, but retreat below the new support level at 4200 warns of a correction. Recovery above 4200 is now unlikely, but would indicate an advance to 4400*.
* Target calculation: 4000 + ( 4000 – 3600 ) = 4400
Bearish divergence on the FTSE 100, 13-week Twiggs Money Flow, indicates selling pressure and breach of support at 6600 signals a correction. Follow-through below the lower border of the flag formation (6500) would confirm. Failure of primary support at 6400 and breach of the rising trendline would warn of reversal to a primary down-trend.
* Target calculation: 6700 + ( 6700 – 6400 ) = 7000
The FTSE 100 continues to test support at 6600. Upward breakout from the recent flag formation would signal an advance to the December 1999 high of 6950/7000*. Falling 13-week Twiggs Money Flow suggests medium-term selling pressure, but a trough above zero would be a long-term bull signal. Breach of 6600 would warn of a correction to primary support and the rising trendline at 6400.
* Target calculation: 6700 + ( 6700 – 6400 ) = 7000
Dow Jones Euro Stoxx 50 continues its test of resistance at 3100 on the monthly chart. Rising 13-week Twiggs Momentum suggests a primary up-trend. Breakout above 3100 would signal an advance to 3500*. Reversal below 3000 is unlikely, but would indicate a correction to the rising trendline.
* Target calculation: 3000 + ( 3000 – 2500 ) = 3500
Germany’s DAX leads the way with a strong advance to 9500*. Steeply rising 13-week Twiggs Money Flow signals strong buying pressure. Respect of the target at 9500 would suggest a correction to the rising trendline and support at 8500.
* Target calculation: 8500 + ( 8500 – 7500 ) = 9500
Upward breakout from the recent flag formation on the FTSE 100 would signal an advance to the December 1999 high of 6950/7000*. Rising 13-week Twiggs Money Flow suggests medium-term buying pressure, but the specter of a long-term bearish divergence remains. Expect strong resistance at 7000. Reversal below 6600 is unlikely, but would warn of a correction to primary support and the rising trendline at 6400.
* Target calculation: 6700 + ( 6700 – 6400 ) = 7000
Narrow consolidation on Dow Jones Euro Stoxx 50 above support at 3000 is also a bullish sign. Rising 13-week Twiggs Momentum suggests a primary up-trend. Breakout above 3100 would confirm an advance to 3500*. Reversal below 3000 is unlikely, but would warn of a correction to the rising trendline.
* Target calculation: 3000 + ( 3000 – 2500 ) = 3500
Germany’s DAX is heading towards its target of 9500*, with steeply rising 13-week Twiggs Money Flow signaling strong medium-term buying pressure. Breach of the latest trendline is not likely, would indicate a correction to support at 8500.
* Target calculation: 8500 + ( 8500 – 7500 ) = 9500
Germany’s DAX broke through resistance at 9000, sharply rising 13-week Twiggs Money Flow signaling strong medium-term buying pressure. Target for the current advance is 9500*. Reversal below 9000 is unlikely, but would warn of a correction to the primary trendline between 8000 and 8500.
* Target calculation: 8500 + ( 8500 – 7500 ) = 9500
Dow Jones Euro Stoxx 50 is testing support at its 2009/2011 high of 3000. Rising 13-week Twiggs Momentum suggests a primary up-trend. Respect of support at 3000 is likely and follow-through above 3100 would confirm an advance to 3500*.
* Target calculation: 3000 + ( 3000 – 2500 ) = 3500
Spain’s Madrid General Index found medium-term resistance at 1000. A correction to test support at 900 is likely, with 13-week Twiggs Money Flow falling sharply. Respect of 900 would suggest a healthy primary up-trend. Reversal below 900 is unlikely, but would indicate the primary trend is weakening.
* Target calculation: 900 + ( 900 – 750 ) = 1050
The FTSE 100 is retracing to test support at 6600. Long tails indicate short-term buying pressure. Follow-through above 6800 would indicate an advance to the December 1999 high of 6950/7000*. Rising 13-week Twiggs Money Flow suggests medium-term buying pressure, but the specter of a long-term bearish divergence remains. Expect strong resistance at 7000. Reversal below 6600 is unlikely, but would warn of a correction to primary support at 6400.
* Target calculation: 6700 + ( 6700 – 6400 ) = 7000
The FTSE 100 is testing its new support level at 6700. Follow-through above 6800 would indicate respect — and an advance to the December 1999 high of 6950/7000*. Rising 13-week Twiggs Money Flow suggests buying pressure. Reversal below 6600 is unlikely, but would warn of a correction to primary support at 6400.
* Target calculation: 6700 + ( 6700 – 6400 ) = 7000
Dow Jones Euro Stoxx 50 is testing support at its 2009/2011 high of 3000. Rising 13-week Twiggs Momentum suggests a primary up-trend. Respect of support at 3000 is likely and follow-through above 3100 would confirm an advance to 3500*.
* Target calculation: 3000 + ( 3000 – 2500 ) = 3500
The monthly chart of the FTSE 100 is testing resistance at the 2007 high of 6750. Rising 13-week Twiggs Money Flow signals buying pressure. Breakout above 6750 would test the 1999/2000 high at 7000*. Respect of resistance (reversal below 6650) is unlikely, but would warn of a correction to primary support.
* Target calculation: 6700 + ( 6700 – 6400 ) = 7000
Germany’s DAX found short-term resistance at 9000, but rising 13-week Twiggs Money Flow again signals buying pressure. Target for the current advance is 9300*. Reversal below 8500 is most unlikely, but would warn of a correction to the primary trendline around 8000.
* Target calculation: 8500 + ( 8500 – 7700 ) = 9300
Dax Volatility remains low, indicating bullish sentiment.
Dow Jones Euro Stoxx 50 is retracing to test support at its 2009/2011 high of 3050. Rising 13-week Twiggs Momentum continues to suggest a healthy up-trend. Respect of support at 3000 would signal another advance — a bullish sign for the European economy.
* Target calculation: 2850 + ( 2850 – 2500 ) = 3200
The FTSE 100 broke resistance at 6700, indicating an advance to 7000*. Rising 13-week Twiggs Money Flow signals buying pressure. Reversal below 6600 is unlikely, but would test primary support at 6400.
* Target calculation: 6700 + ( 6700 – 6400 ) = 7000
Dow Jones Euro Stoxx 50 hesitated with a doji star above long-term resistance at 3000. Expect a test of the new support level, but rising 13-week Twiggs Momentum continues to suggest a healthy up-trend. Penetration of the secondary trendline would warn of a correction to the primary trendline — around 2750.
* Target calculation: 3000 + ( 3000 – 2500 ) = 3500
Spain’s Madrid General Index warns of a correction, with an evening star accompanied by strong volume. The sharp fall on 13-week Twiggs Money Flow indicates short-term selling pressure. Respect of the rising trendline would confirm the primary up-trend, offering a target of 1050*. Reversal below 900 is unlikely, but would indicate the up-trend is weakening.
* Target calculation: 900 + ( 900 – 750 ) = 1050
Germany’s DAX, however, is a lot more bullish. Respect of the new support level at 8500 offers a medium-term target of 9300*. Reversal below 8500 is now unlikely, but would warn of a correction to the primary trendline at 8000.
* Target calculation: 8500 + ( 8500 – 7700 ) = 9300
