David Fuller's view China's Shanghai A-Shares Index (weekly & daily) saw another upward dynamic today, to retest the upper side of the current trading range. This looks like a support building process between 2265 and 2360, as part of the V-bottom (in late November and early December) with right-hand extension base formation development, as taught at The Chart Seminar. A close beneath 2310 would now be required to delay scope for sideways to higher ranging.

Vietnam's SE Index (weekly & daily) appears to be consolidating above 460 within its extensive V-bottom with lengthy right-hand extension base formation. A close beneath that level would be required to delay scope for sideways to higher ranging.

Japan's Topix 2nd Section Index (weekly & daily) is often a lead indicator and its weekly key reversal, assuming that it does not rally very sharply tomorrow, suggests that Japan has commenced at least another potentially brief consolidation, following its latest strong gains. (See also Tuesday's and last Friday's comments on Japan.)

The USA's Utilities Index (weekly & daily) may be giving a downward lead for Wall Street's next reaction and consolidation phase which would bring the technically overbought DJIA (weekly & daily) and S&P (weekly & daily) closer to their rising 200-day MAs. (See also Tuesday's Comments on the US stock market.)