The SPI200 a little mixed overnight with price holding a higher low at 7379. Expecting to see some flow over bullish momentum to flush through 7415 highs. The DOW held up off 35500 in the European session and then worked higher in US trade. Expecting to see a grind up into 35900 and put some sellers under pressure. The Hang Seng has been a bit messy lately with some choppy rangeless price action. Expecting to see either a flush into 24550 and higher lows or a kick higher into 24665/24705 hold and pressure back down. The Nikkei has also been a bit messy with neither bulls or bears taking control. For now price is holding between the 29530 and 29835 zones. Will be looking to work off higher lows or lower highs off defined levels as the session progresses.
Cryptos fought back overnight being led by Ethereum. Prices generally made back some of the recent losses although the longer term trend remains under pressure…in my view. Bitcoin is holding below 58415 and may look to test back into lows while Ethereum recently flushed into resistance around 4340 and bulls will be looking to hold the level for continuation up. If not, then will look to work shorts of a lower high.
Join Our Traders Discord Channel (email firstname.lastname@example.org for the link)
Hang Seng Index