![\"Dow](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-09-09-jpd.png?w=525&ssl=1\")
<\/p>\nDow Jones Japan Index jumped today on Tokyo’s success in its bid for the 2020 Olympics. Follow-through above the descending trendline indicates the correction is over and a test of 81.50 likely. Upward breakout would signal continuation of the primary up-trend. Reversal below 73.50 is unlikely, but would warn of a test of primary support at 69.00.<\/p>\n
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China’s Shanghai Composite breached resistance at 2100, indicating a test of the descending trendline at 2200. Rising 13-week Twiggs Money Flow suggests medium-term buying pressure. The primary trend remains down, however, and reversal below the rising trendline would warn of another test of primary support at 1950. In the longer-term, breakout above the descending trendline is unlikely, but would suggest that the down-trend has ended.<\/p>\n
![\"Shanghai](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-09-09-ssec.png?w=525&ssl=1\")
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India’s Sensex rallied sharply after finding support at 18000\/18500. Follow-through above 19500 would confirm another test of resistance at 20500.\u00a0 Rising 13-week Twiggs Money Flow indicates medium-term buying pressure. Reversal below 18500 is unlikely, but would signal a primary down-trend.<\/p>\n
![\"BSE](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-09-09-bse.png?w=525&ssl=1\")
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Rising Asian markets, especially China, are lifting the ASX 200, but weakness on the Dow or S&P 500 could reverse this. Recovery above 5150 and respect of the rising trendline suggest another test of resistance at 5250. Rising 21-day Twiggs Money Flow indicates short\/medium-term buying pressure. Breakout above 5250 would signal another primary advance. Respect of resistance remains as likely, however, and reversal below 5000 would warn of another test of primary support at 4650.<\/p>\n
![\"ASX](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-09-09-xjo.png?w=525&ssl=1\")
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* Target calculation: 5250 + ( 5250 – 4650 ) = 5850<\/p>\n","protected":false},"excerpt":{"rendered":"
Dow Jones Japan Index jumped today on Tokyo’s success in its bid for the 2020 Olympics. Follow-through above the descending trendline indicates the correction is over and a test of 81.50 likely. Upward breakout would signal continuation of the primary up-trend. Reversal below 73.50 is unlikely, but would warn of a test of primary support … <\/p>\n