![\"Shanghai](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-08-13-ssec.png?w=525&ssl=1\")
<\/p>\nChina’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.<\/p>\n
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The Shenzhen Composite Index has been in a primary up-trend since May, but displayed weakness with a second, shaky test of support at 900. Troughs above zero on 13-week Twiggs Money Flow indicate the primary up-trend is intact. Breakout above the last high at 1040 would confirm — a bullish sign for the Shanghai Composite.<\/p>\n
![\"Shenzhen](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-08-13-szsc.png?w=525&ssl=1\")
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Japan’s Nikkei 225 is testing medium-term support at 13500. Breach would indicate a correction to primary support at 12500, but respect of the zero line by 21-day Twiggs Money Flow would suggest the primary up-trend is intact. Recovery above 14500 would strengthen the signal.<\/p>\n
![\"Nikkei](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-08-13-n225.png?w=525&ssl=1\")
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India’s Sensex respected primary support at 18500. Rising troughs on 13-week Twiggs Money Flow indicate moderate buying pressure. Expect another test of resistance at 20500 (i.e. a test of 20500 is likely). Breach of support, while unlikely, would warn of a primary down-trend — confirmed if there is follow-through below 18000.<\/p>\n
![\"BSE](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-08-13-bse.png?w=525&ssl=1\")
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* Target calculation: 20000 + ( 20000 – 18000 ) = 22000<\/p>\n
The ASX 200 broke short-term resistance at 5120, signaling an advance to the May peak at 5250. Rising 21-day Twiggs Money Flow indicates buying pressure. Reversal below 5000 is unlikely, but would warn of a correction to at least 4850.<\/p>\n
![\"ASX](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-08-13-xjo.png?w=525&ssl=1\")
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Breakout above 5250 would indicate another advance, but high volatility, shown by the broadening formation of the last few months, will require further evidence to confirm this.<\/p>\n
![\"ASX](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-08-13-xjo-w.png?w=525&ssl=1\")
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* Target calculation: 5250 + ( 5250 – 4650 ) = 5850<\/p>\n","protected":false},"excerpt":{"rendered":"
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 Index has been in a … <\/p>\n