N225
Are we building for a deeper selloff or a bounceAsian markets remain looking heavy as the HSI and Nikkei Daily timeframes press lower. The US has been more resilient to negative news and remains focused on inflation and interest rates. The question is how much of the good news ie/ strong economy and bounce from pandemic lows has been factored in to price action in the US. If the US start to take a hit, then other markets will follow....so are Asian shares markets flagging what is to come. Check out the video for a more detailed look at key levels for major US, Asian and Australian Indexes.
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Asian Markets melting down and do not look healthy longer termThe Nikkei and Hang Seng along with my local ASX200 are well under pressure today and may see further downside in coming sessions. In the video I take a look at the daily charts for my major Indexes and discuss where I see the risk and how I will look to trade any downside if this weakness continues.