sp'60min
sp'monthly
Summary
For those holding short overnight, this is clearly going to be a lousy open, but then, the bears have been in this situation a fair few times in recent weeks.
So... why the early gains? Difficult to say.. although technically, the hourly cycle is set for a bullish MACD cross at the open.
It will be important that the equity bears at least keep the market <1915 at the Wednesday close... at least to maintain the broader downward trend from sp'2020.
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Overnight Asia action:
Japan: broad strength from the open, +2.7% @ 17388, no doubt part of that will be due to BoJ buying.
China, moderate strength, but still holding close to the 3K level, with the Shanghai comp' settling +0.5% @ 3052.
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We have a long day ahead... to wrap up what has been a pretty wild month.