S&P 500 and Nasdaq 100 buying pressure

By Colin Twiggs
August 7th, 2012 5:00 a.m. ET (7:00 p.m. AET)

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The S&P 500 is headed for a test of 1420 on the weekly chart. Breakout would signal an advance to 1570* — the 2007 high. The 13-week Twiggs Money Flow trough above zero indicates strong long-term buying pressure.

S&P 500

* Target calculation: 1420 + ( 1420 - 1270 ) = 1570

The Nasdaq 100 is headed for 2800*. A 63-day Twiggs Momentum trough above zero would confirm the primary up-trend. Breakout would offer a target of 3150*.

Nasdaq 100

* Target calculation: 2800 + ( 2800 - 2450 ) = 3150

The sportive, knightly battle awakens the best human characteristics. It doesn't separate, but unites the combatants in understanding and respect. It also helps to connect the countries in the spirit of peace. That's why the Olympic Flame should never die.

~ Who said this about the Olympic Games? The Olympic Spirit