sunnybe

sunnybe

Nifty An ascending wedge > H&S break > test of neckline > Bear flag This is not a good look for what has been a great red herring for risk assets

sunnybe

The EURCHF is not only a play on risk-on/off. It is also a way some under-the-radar intervention by Asia CB. So worth watching. If this is an H&S, we are probably just getting started. I have used a conservative approach to mapping out extension target

sunnybe Updated 

EURUSD tested the H&S neckline break. The rejection on Friday resulted in Bearish Engulfing day. A follow-through should target 1.0950

sunnybe

Kospi a canary in global equity market. Ascending wedge break Below 233 EMA Below Ichimoku Cloud Countertrend rally bear flag. The next move should be impluse

sunnybe

Nasdaq Composite has been lower highs setting up a large divergence and fewer & fewer stocks lead the rally. A impulse reversal is what is needed to confirm at least an interim top. $NDX @QQQ

sunnybe

50% retracement & resistance was hard to break Island Reversal has previously been effective and stocks has lead China tech complex $HSITECH $HSTI

sunnybe

A classic H&S near decade old support. below equal extension suggest 0.53 target

sunnybe

HSI Tech reversal $BABA showed weakness last week and again led to the complex reversal. It seems the counter-trend rally may have come to an end. $HSI also has a smaller degree Island Reversal as well. It should lead to some volatility here on.

sunnybe

Under tax investigation, the news headline but set up there already for the next leg down to start. Gap down -5.71% #ChineProperty 410.HK

sunnybe

Usually, such a significant impulse reversal is never a one-day move. It seems the short end gets much flatter. The yield Curve volatility does not end up being risk-friendly

sunnybe

Big rally, BUT Potentially a Spinning Top/ Shooting star Still inside Senkou Span a & B So it looks corrective for the time being on the abck of $ bond coupon payment headline But the filing with exchange is they are still within th egrace period and it is ongoing. Evergrande Bonds rallied but still trading at 16 on the benchmark 2025 bond.

sunnybe

I expected the 1.145 area to act as a good resistance level, but the extend of yesrdays pullback was something I did not see coming. Let's see what CPI numbers do before throwing in the towel

sunnybe

Asia Corporate spreads have been widening vs. Emerging Market Corporate OAS at the highest level since 1999. Any bounce in Asia must be led by Credit which is missing

sunnybe

Like the UK, Korea, Canada, Australian yields are testing LT trend resistance. In this case, it is also a descending wedge. It needs to take out 1.85% before we get very excited

sunnybe

Aftermarket Insiders to sell in an accelerated offering. Need Cathie Wood to step in. She is lear knee-deep. Technically this is making new lows on the break of 40.50

sunnybe

Breaking? a descending wedge. Given we have a weekly close, this would be important. Unless we see any retest, the European rates need a big catch-up. Risk assets have enjoyed years of negative yields. It may be time to change the easy money

sunnybe

Cotton Futures open in China limit up after holidays. PTA (Purified Terephthalic Acid ) futures still in corrective phase and one to watch as Cotton replacement may kick in. PTA may lag but should mean revert

sunnybe

The Korean long end broke the downtrend since 2001. Rising inflationary pressure and inflation outlook are forcing long-end liquidation that seems just getting started. a 50% retracement to 3.65% is what seems achievable and put pressure on the rest of the Asia Bond markets