The SPI200 bounced back from early weakness and a retest into 7358. Price may need to flush lower prior to a run into highs so will watch the open for a flush into 7388. If price extends up from the open, then will watch for a retrace and lower high short setup. The DOW was choppy and may continue to be and lack some direction with the US closed tonight. Watching for a squeeze higher into 35900 today. The Hang Seng has rallied 100 pts in the CFD since the futures market has closed. Expecting to see a move back into and retest of 2456 on the open if price is setting to run higher. If the current highs hold on the open, will be watching for a lower high and sell opportunity. The Nikkei held a minor higher low and extended up above the 200EMA. Watching for an early flush higher and then a lower high to put pressure of buyers off 29230.
Cryptos look more positive as prices are starting to show signs of some basing…well in Ethereum mainly. Bitcoin has held the 55750 level which will give bulls some confidence. If a minor flush lower can hold, then watching for a higher low and buy setup. Ethereum is looking a lot more bullish with prices holding nicely above the 200 EMA. Watching for a higher low and squeeze up off EMAs through 4340.
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Hang Seng Index