[sharetrading] ASIA

 

Asian markets seem to have lost its charm with yesterdays move. With even today’s neutral view, they all seem to signal a sideways move.

DJI and GSPC continue their upward march relentlessly.  China is the first one to go down badly. It is making lower tops and lower lows in a declining manner. But it could also be preparing for an assault on a strong upper trend line.  ^ SSEC if breaches 3300, is set to go to 3800++.

 

I guess the pivot calculator will help all in assessing today’s support and resistance levels. 5230 will close the gap as well as test the S1. Market continues to be in hands of Bulls, but traders could be very active. If today is a negative day then the bull power will be tested more strongly. If market closes > 5280, the charts will tell a different story.

 

Trade safely. Keep SL strictly.

 

Abe

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