China & Hong Kong

The Shanghai Composite Index is testing resistance at 2500. Recovery of 63-day Twiggs Momentum above zero indicates a primary up-trend. Breakout above 2500 would confirm the signal — and assist an Australian recovery.

Shanghai Composite Index

* Target calculation: 2500 + ( 2500 – 2250 ) = 2750

The Hang Seng is headed for another test of support at 20000. Failure would warn that the primary up-trend is weakening. Reversal of 63-day Twiggs Momentum below zero would strengthen a bear signal.
Hang Seng Index

* Target calculation: 20 + ( 20 – 17.5 ) = 22.5

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s