{"id":7937,"date":"2013-06-25T03:16:23","date_gmt":"2013-06-25T07:16:23","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=7937"},"modified":"2013-06-25T03:16:23","modified_gmt":"2013-06-25T07:16:23","slug":"asx-and-asian-selling-pressure","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/25\/asx-and-asian-selling-pressure\/","title":{"rendered":"ASX and Asian selling pressure"},"content":{"rendered":"<p>Japan&#8217;s Nikkei 225 Index respected support at 12500 and its long-term rising trendline, but another test is likely in the week ahead.\u00a0 Follow-through above 13500 would indicate the correction is over, suggesting a re-test of resistance at 16000. Breach of 12500, however, is more likely, with bearish divergence on 13-week Twiggs Money Flow warning of a reversal.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Nikkei 225 Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-06-25-n225-w.png?w=525&#038;ssl=1\" \/><\/p>\n<p>Shanghai Composite Index is falling sharply. So far the down-trend has been gradual, with the PBOC looking to manufacture a soft landing. But 13-week Twiggs Money Flow crossing below zero warns of rising selling pressure. Breach of support at 1950 would offer a target of 1600*.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Shanghai Composite Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-06-25-ssec.png?w=525&#038;ssl=1\" \/><\/p>\n<p class=\"target\">* Target calculation: 2000 &#8211; ( 2400 &#8211; 2000 ) = 1600<\/p>\n<p>India&#8217;s Sensex breached its rising trendline, warning that the primary up-trend is weakening. Failure of support at 18000 would signal a primary down-trend. Declining 13-week Twiggs Money Flow indicates trend reversal is likely. Recovery above 19000 is unlikely, but would suggest a fresh primary advance.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"BSE Sensex Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-06-25-bse.png?w=525&#038;ssl=1\" \/><\/p>\n<p>Apart from Japan, the outlook for Asia is bearish.<\/p>\n<p>The ASX 200 is headed for a test of support at 4400, bearish divergence on 13-week Twiggs Money Flow having warned of a reversal. Failure of support at 4400 would re-test the 2011 lows, while respect would be bullish &#8212; suggesting another attempt at 5000.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"ASX 200 Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-06-25-xjo.png?w=525&#038;ssl=1\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Japan&#8217;s Nikkei 225 Index respected support at 12500 and its long-term rising trendline, but another test is likely in the week ahead.\u00a0 Follow-through above 13500 would indicate the correction is over, suggesting a re-test of resistance at 16000. Breach of 12500, however, is more likely, with bearish divergence on 13-week Twiggs Money Flow warning of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/25\/asx-and-asian-selling-pressure\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ASX and Asian selling pressure&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,41,6,12,17,57],"tags":[255,508,2479,3100],"class_list":["post-7937","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-china-hk","category-fixed-income","category-india-singapore-countries-regions","category-japan-korea","category-stock-markets","tag-asx-200-index","tag-bse-sensex-index","tag-nikkei-225-index","tag-shanghai-composite-index"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ASX and Asian selling pressure - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASX and Asian selling pressure - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Japan&#8217;s Nikkei 225 Index respected support at 12500 and its long-term rising trendline, but another test is likely in the week ahead.\u00a0 Follow-through above 13500 would indicate the correction is over, suggesting a re-test of resistance at 16000. 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Last week's tall shadow (or candlewick) indicates selling pressure. Respect of resistance is likely and reversal below 1950 would signal a primary decline, with a target of the 2008 low at 1700. Reversal of 13-week\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8688,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/28\/shanghai-weakens-asx-unaffected\/","url_meta":{"origin":7937,"position":1},"title":"Shanghai weakens, ASX unaffected","author":"ColinTwiggs","date":"October 28, 2013","format":false,"excerpt":"China's Shanghai Composite index broke support at 2150, signaling a correction to test primary support at 1950. Declining 13-week Twiggs Money Flow indicates selling pressure. Follow-through below 2100 would confirm. Recovery above 2150 is less likely, but would suggest a bear trap. Japan's Nikkei 225 respected resistance at 15000. Declining\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Shanghai Composite Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-28-ssec.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-28-ssec.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-28-ssec.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":928,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/28\/stocks-hesitant\/","url_meta":{"origin":7937,"position":2},"title":"Stocks hesitant","author":"ColinTwiggs","date":"March 28, 2015","format":false,"excerpt":"The S&P 500 found short-term support at 2050, but declining 21-day Twiggs Money Flow indicates medium-term selling pressure. Breach of support would signal a correction to test the band of primary support between 1970 and 2000. Recovery above 2080 is less likely at present, but would indicate another test of\u2026","rel":"","context":"In &quot;Market Insights&quot;","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"S&P 500 Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-28-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-28-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-28-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":8801,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/11\/26\/muted-asx-response-to-asian-bulls\/","url_meta":{"origin":7937,"position":3},"title":"Muted ASX response to Asian bulls","author":"ColinTwiggs","date":"November 26, 2013","format":false,"excerpt":"Japan's Nikkei 225 is likely to retrace to test its new support level at 15000. Respect would negate the bearish divergence on 13-week Twiggs Money Flow and confirm the long-term target of 17500*. Reversal below the rising trendline, however, would warn of a correction to 12500\/13000. * Target calculation: 15000\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Nikkei 225","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-26-n225.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-26-n225.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-11-26-n225.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":8053,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/09\/asx-200-rallies-despite-weakness-in-asia\/","url_meta":{"origin":7937,"position":4},"title":"ASX 200 rallies despite weakness in Asia","author":"ColinTwiggs","date":"July 9, 2013","format":false,"excerpt":"An outside day reversal on Japan's Nikkei 225 warns of retracement to test support at 13500. Respect of support -- or a trough above the zero line on 21-day Twiggs Money Flow would indicate a healthy up-trend. Breach of the rising trendline is unlikely, but would warn of a test\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8273,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/08\/13\/china-rally-spurs-asx-advance\/","url_meta":{"origin":7937,"position":5},"title":"China rally spurs ASX advance","author":"ColinTwiggs","date":"August 13, 2013","format":false,"excerpt":"China's Shanghai Composite Index rallied from support at 1950 to test medium-term resistance at 2100 on the weekly chart. Breakout would indicate a test of the descending trendline at 2200. The primary trend is down, but penetration of the trendline would suggest that a bottom has formed. The Shenzhen Composite\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/7937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=7937"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/7937\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=7937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=7937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=7937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}