![\"Nikkei](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-07-09-n225.png?w=525&ssl=1\")
<\/p>\nAn 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 of primary support at 12500.<\/p>\n
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China’s Shanghai Composite\u00a0Index is testing long-term support at 1950 — as shown on the monthly chart. Failure of support is likely and would warn of a test of the 2008 low at 1700. Reversal of 13-week Twiggs Money Flow below zero would strengthen the bear signal. Respect of support at 1950 is unlikely, but would indicate another test of 2400\/2500.<\/p>\n
![\"Dow](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-07-09-ssec.png?w=525&ssl=1\")
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India’s Sensex respected its rising trendline and is likely to test resistance at 20000. Breach of resistance would signal a primary advance, with a target of 22000*. Reversal below 18500 is unlikely, but would warn of reversal to a primary down-trend. Recovery of 13-week Twiggs Money Flow above zero would indicate buying pressure.<\/p>\n
![\"BSE](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-07-09-bse.png?w=525&ssl=1\")
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Singapore’s Straits Times Index remains weak after finding support at 3100. Reversal of 13-week Twiggs Money Flow below zero after bearish divergence would warn of a primary down-trend. Breach of support at 3100 would confirm. Recovery above 3300, while unlikely, would signal a fresh primary advance.<\/p>\n
![\"Straits](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-07-09-sti.png?w=525&ssl=1\")
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The ASX 200 broke resistance at 4860, indicating the correction is over. Follow-through above 4900 would strengthen the signal. Recovery of 21-day Twiggs Money Flow above zero indicates healthy medium-term buying pressure. Breach of resistance at 5000 would offer a long-term target of\u00a05850*. Reversal below 4860 is unlikely, but would warn of another test of support at 4650.<\/p>\n
![\"ASX](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-07-09-asx.png?w=525&ssl=1\")
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* Target calculation: 5250 + ( 5250 – 4650 ) = 5850<\/p>\n","protected":false},"excerpt":{"rendered":"
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 of primary support at 12500. … <\/p>\n