The SPI200 pushed higher into the 7274 zone which I expect to be targeted on the open. Bias is up so if price flushes lower on the open, then will be looking for a higher low to hold. The ASX is still holding lower highs but also holding key support…so the action could get heavy into the close. The DOW held the 34490 level into the close and may look to push lower off the level today to squeeze out some buyers. If the level breaks and holds then expect an extension into 34650. The Hang Seng managed to push up off 24080 into resistance at 24310 which would be a good level to clear out some stops on the open. The underlying Index yesterday flushed previous lows and then rallied all session so we may see an extension on the bullish action today. The Nikkei is bias up but does not look that convincing. Price may flush 28165 to trigger some stops so I am watching the level on the open to see if it holds or breaks. Price may flush into 28370 so that is the other key level for the session.
Cryptos generally rallied being led by Bitcoin as price pushed above the $51K level. Expecting price to extend on the gains into 52850 so watching for either failure and a squeeze on recent bulls intraday or continuation. Many will be on twitter talking up new all time highs so not discounting the bullishness. Ethereum is holding below 3550 so watching the level for a sell or continuation buy.
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Hang Seng Index