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

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