Japan’s Nikkei 225 shows medium-term selling pressure on 21-day Twiggs Money Flow. Expect a correction to test the new support level at 9000.
* Target calculation: 10000 + ( 10000 – 9000 ) = 11000
South Korea’s Seoul Composite Index is consolidating below resistance at 2050. 63-Day Twiggs Momentum holding above zero indicates a primary up-trend. Breakout above 2050 would indicate an advance to 2150*.
* Target calculation: 1950 + ( 1950 – 1750 ) = 2150
Japan’s Nikkei 225 index also shows a bearish divergence on 21-day Twiggs Money Flow, warning of a correction. The next medium-term support level below 10000 is the former resistance level at 9000, so there could be a fairly sharp fall. But the primary trend is up and recovery above 10200 would signal an advance to 11000*.
* Target calculation: 10 + ( 10 – 9 ) = 11
Despite global weakness, South Korea’s Seoul Composite Index continues to test resistance at 2050. Bearish divergence on 21-day Twiggs Money Flow, however, warns of medium-term selling pressure. Expect another test of 1950, but recovery above 2050 would signal an advance to 2250*.
* Target calculation: 1950 + ( 1950 – 1650 ) = 2250
Japan’s Nikkei 225 Index broke through resistance at 10000. Follow-through above 10200 would indicate a further advance as signaled by sharply rising 13-week Twiggs Money Flow. The rally is becoming dangerously extended and a correction to test support would add stability.
* Target calculation: 10000 + ( 10000 – 9000 ) = 11000
South Korea’s Seoul Composite Index is already in a primary up-trend. Respect of the zero line by 13-week Twiggs Money Flow again signals strong buying pressure. Follow-through above 2050 would signal an advance to 2200*.
* Target calculation: 1950 + ( 1950 – 1700 ) = 2200
Japan’s Nikkei 225 Index is testing resistance at 10,000. Rising 13-week Twiggs Money Flow indicates strong buying pressure. Expect a short retracement followed by an advance to 11,000*.
* Target calculation: 10000 + ( 10000 – 9000 ) = 11000
India’s Sensex Index is testing resistance at 18,000 after respecting support at 17,000. Rising 13-week Twiggs Money Flow indicates strong buying pressure. Upward breakout would signal an advance to 20,000*.
* Target calculation: 18500 + ( 18500 – 17000 ) = 20000
South Korea’s Seoul Composite Index is similarly testing resistance, at 2050. Breakout would signal an advance to 2200. Respect of the zero line by 13-week Twiggs Money Flow indicates long-term buying pressure, suggesting out-performance.
* Target calculation: 2050 + ( 2050 – 1950 ) = 2150
Japan’s Nikkei 225 Index is headed for a test of 10,000 after breaking resistance at 9,000 three weeks ago. 13-Week Twiggs Money Flow rising strongly indicates good buying pressure. Expect some retracement or consolidation at 10,000, but the primary trend is up and breakout above 10,000 would offer a target of 11,000*.
* Target calculation: 10,000 + ( 10,000 – 9,000 ) = 11,000
Another long-term (monthly) chart. This time of Japan’s Nikkei 225 Index, which has rallied off support at 8,000. Expect resistance at 10,000 but a breakout would signal that a bottom is forming. Recovery above 11000 would indicate a new primary up-trend.
Japan’s Nikkei 225 Index broke through resistance at 9000 to offer a weak primary up-trend signal: there is no higher trough on the weekly chart. Recovery of 63-day Twiggs Momentum above zero supports the trend change, but wait for retracement to test the rising trendline.
* Target calculation: 9000 + ( 9000 – 8000 ) = 10000
The Seoul Composite Index is stronger, having already completed a higher trough. Target for the primary advance is 2150*. A 13-week Twiggs Money Flow trough that respects the zero line would further strengthen the signal.
* Target calculation: 1950 + ( 1950 – 1750 ) = 2150
Japan’s Nikkei 225 index is testing resistance at 9000 but declining 13-week Twiggs Money Flow continues to warn of long-term sellers. Breakout would offer a target of 10000, while reversal below 8000 would signal a decline to 7000.
* Target calculation: 9000 + ( 9000 – 8000 ) = 10000
Seoul’s Composite Index broke through resistance but is now retracing to test the new support level at 1950. Respect of the rising trendline on the weekly chart, and respect of the zero line by 13-week Twiggs Money Flow, would both strengthen the bull signal. Target for the advance is 2150*.
* Target calculation: 1950 + ( 1950 – 1750 ) = 2150
Declining 13-week Twiggs Money Flow continues to warn of selling pressure on Japan’s Nikkei 225 Index. Breakout below the rising trendline would indicate another primary down-swing; confirmed if support at 8100 is broken.
* Target calculation: 8000 – ( 9000 – 8000 ) = 7000
Seoul Composite Index, on the other hand, followed through above 1950 to strengthen the primary up-trend (signal). Recovery of 13-week Twiggs Money Flow above its late-2011 high would confirm the signal.
* Target calculation: 1950 + (1950 – 1750 ) = 2150
Japan’s Nikkei 225 is headed for a test of resistance at 9000, but 13-week Twiggs Money Flow trends downwards — indicating that sellers are dominant. Respect of resistance would warn of another test of primary support at 8000.
South Korea’s Seoul Composite index retreated from resistance at 1960. Again we have down-trending 13-week Twiggs Money Flow, warning that sellers dominate the market. Breakout above 1960 is unlikely, while respect would suggest another test of primary support at 1750.
* Target calculation: 1950 + ( 1950 – 1750 ) = 2150
