Dow Jones Industrial Average
The Dow is headed for a test of the January high at 10750. Rising Twiggs Money Flow (21-day) confirms buying pressure. Breakout above 10750 would offer a target of 11500*. Reversal below 9900 is most unlikely, but would signal a primary down-trend.
The Sensex is retracing Monday toward short-term support at 17000; respect would indicate a test of 17800. Twiggs Money Flow (13-week) above the declining trendline indicates buying pressure. In the long term, upward breakout would offer a target of 20000*. Reversal below support at 15500 is unlikely, but would signal a primary down-trend.
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