![\"Sensex\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-15-bse.png?resize=525%2C355&ssl=1\" "\\"Sensex\\"")
<\/p>\nIndia’s Sensex is retracing to test its new support level after breaking resistance at 20500 Friday, signaling a primary advance to 22000*. A 13-week Twiggs Money Flow trough above zero indicates buying pressure. Reversal below 19500 is unlikely, but would warn of another test of primary support at 18000.<\/p>\n
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* Target calculation: 20000 + ( 20000 – 18000 ) = 22000<\/p>\n
Japan’s Nikkei 225 is testing the rising trendline on its weekly chart. Penetration would warn that momentum is slowing, while breach of 13000 would signal a primary down-trend. Breakout above 15000 is as likely, despite the earlier bearish divergence on 13-week Twiggs Money Flow, and would signal an advance to 17500*.<\/p>\n
![\"Nikkei](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-15-n225.png?resize=525%2C355&ssl=1\" "\\"Nikkei")
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* Target calculation: 15000 + ( 15000 – 12500 ) = 17500<\/p>\n
China’s Shanghai Composite is rallying to test resistance — and the upper trend channel — at 2330. The 21-day Twiggs Money Flow trough above zero indicates growing buying pressure. Reversal below 2150 is unlikely, but would indicate another test of primary support at 1950.<\/p>\n
![\"Shanghai](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-15-ssec.png?resize=525%2C355&ssl=1\" "\\"Shanghai")
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Hong Kong’s Hang Seng is testing resistance at 23500 on the weekly chart. Breakout would signal a primary advance to 25500*; follow-through above 24000 would confirm. Rising 13-week Twiggs Money Flow indicates medium-term buying pressure. Respect of 23000 is unlikely, but would suggest another test of support at 21500.<\/p>\n
![\"Hang](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-15-hsi.png?resize=525%2C355&ssl=1\" "\\"Hang")
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* Target calculation: 23500 + ( 23500 – 21500 ) = 25500<\/p>\n
Singapore’s Straits Times Index appears to be preparing for another test of long-term resistance at 3300. Breakout would signal a primary advance to 3600*. A 13-week Twiggs Momentum peak below zero would warn of a primary down-trend, but sentiment is bullish across a wide range of markets and upward breakout is as likely.<\/p>\n
![\"Straits](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-15-sti.png?resize=525%2C355&ssl=1\" "\\"Straits")
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* Target calculation: 3300 + ( 3300 – 3000 ) = 3600<\/p>\n
The ASX 200 recovered above resistance at the May high of 5250, the false break suggesting a bear trap. Follow-through above 5300 would confirm an advance to 5850*. Reversal below 5100 is unlikely, but would warn of a correction.<\/p>\n
![\"ASX](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-15-asx.png?resize=525%2C355&ssl=1\" "\\"ASX")
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* Target calculation: 5250 + ( 5250 – 4650 ) = 5850<\/p>\n","protected":false},"excerpt":{"rendered":"
India’s Sensex is retracing to test its new support level after breaking resistance at 20500 Friday, signaling a primary advance to 22000*. A 13-week Twiggs Money Flow trough above zero indicates buying pressure. Reversal below 19500 is unlikely, but would warn of another test of primary support at 18000. * Target calculation: 20000 + ( … <\/p>\n