Japan’s Nikkei 225 Index reflects strong buying support, with a long tail on last week’s candle. Recovery above 10000 would signal an advance to 11000*, the gap between the low (9400) and medium-term support at 9000 indicating strong buying pressure. 63-Day Twiggs Momentum confirms a strong primary up-trend.
* Target calculation: 10 + ( 10 – 9 ) = 11
Dow Jones South Korea Index is holding above medium-term support at 425. Follow-through above 445 would confirm the advance to 480*. 13-Week Twiggs Money Flow respecting zero (from above) indicates a strong primary up-trend.
* Target calculation: 420 + ( 420 – 360 ) = 480