29020 is the miner support Area 29100 is the trusted support Area and price also rejected. Long positions above 29050.00 with targets at 29200.00 & 29300.00 in extension. My predicted targets will be Tp1 29200.00 Tp2 29300.00.
At first glance, I was excited that the Nikkei futures were forming a 3 hump pattern similar to the one formed in February 2020 before the big dump.
then, I started noticing difference in volume / flow (CMF). Back then, the bearish divergence was quite clear, and now it's not all that clear. In fact, that sudden CMF increase looks a bit like bullish divergence...
Japan and Korea both overbought and appear to have rolled over. Could this be the end of the vaccine pump?
We'll find out later this week, but I would count on Asia to pump futures for the rest of teh week.
Last Oct I published a series of charts named “The preponderance of evidence”, I think it is time for a new series. I think the charts itself should be self explanatory. Feel free to drop me a line on what you think.