The SPI200 again pushed higher in overnight trade to close at the same price as the previous session. Expecting to see a flush up through 7417 and/or below 7389 before the market settles into a move. Expecting more of the same as previous sessions,…flush and then hold for a move up. The DOW continued to edge lower with the recent move down held at 36185. Expecting to see a flush lower into 35890 or 35800 before bulls step back in to the action. The Hang Seng has recovered hard since the days move into 24580. Evergrande news has brought the bulls back so would expect to see a flush lower and then rally to continue the move up. The Nikkei was also bid up all session with the latest higher low holding at 29315. Price is extended into resistance at 29430 so watching to see how buyers react with a push into 29400 to see if the move up can continue.
Cryptos were mixed with most holding around previous levels to consolidate recent gains while Ethereum was stronger. Bitcoin held nicely above the 63850 level and looks set to squeeze higher into 66400. Ethereum is pushing higher so watching for a continuation trade off a higher low into 4828.
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Hang Seng Index