Today's interesting charts
particularly during times of market stress, price action cuts through the noise.
Eoin Treacy's view Singapore – pulled back sharply today suggesting an unwind of the short-term overbought condition is underway. However a sustained move below the 200-day MA would be required to question medium-term scope for additional upside.
Hong Kong Hang Seng – is in the process of forming a large downside weekly key reversal and will need to find support above 21,500 if the medium-term uptrend is to continue to be given the benefit of the doubt.
India – encountered resistance in the region of its previous peaks and will need to find support above or in the region of the 200-day MA if medium-term potential for a successful upward break is to remain credible.