Asia Pacific Indices

Australia 200 ran into resistance near 5,245 and has dropped back toward 5,135 also a Fibonacci level but has been holding above 5,115 with more support possible near 5,100 then 5,070.

Japan 225 spiked up toward 18,600 before running out of gas and slumping back toward 18,210 Fibonacci support with a retest of the 18,000 round number possible. Bounce resistance drops toward 18,400.

Hong Kong 43 has dropped back under 22,000 after running into resistance near 22,150 and 50 on the RSI. Next support possible near 21,900 then 21,600.

Hong Kong China H is retesting 10,000 resistance where a breakout would complete a 1,000 point wide base and confirm a double bottom. RSI rising toward 50 suggests an upturn pending. Next resistance on a breakout near

India 50 has bounced up into the upper half of a 7,500 to 7,900 trading range holding above 7,750 support with initial resistance near 7,840. RSI indicates downward pressure fading.

North American and European Indices

US 30 failed to break through the top of its 16,030 to 16,665 trading channel and has turned back downward, dropping back under 16,475 a Fibonacci level and on into the 16,200 to 16,300 zone.

US NDAQ 100 staged a failed breakout and bull trap reversal clearing 4,340 then diving back under it and falling towards the 4,250 to 4,260 area with next potential support at a Fibonacci cluster near 4,230.

US SPX 500 failed to regain the 2,000 level, confirming it as resistance and has turned lower once again, taking out 1,975 and falling to retest Fibonacci support near 1,940 with next potential support near 1,915.

Germany 30 had a big technical failure, rallying up through 10,500 but faltering near 10,655 Fibonacci resistance and then diving down though 10,365 on its day back down under 10,190 and on toward 10,170 with a retest of the 10,000 to 10,045 support zone looking possible.

UK 100 reversed downward, starting out well with a breakout over 6,350 then diving back down toward the 6,150 to 6,170 area with next potential support near 6,100 a Fibonacci level.


Gold has been hammered again after confirming $1,126 as new lower Fibonacci resistance. It has resumed its primary downtrend today with the price falling down through $1,120 and on toward $1,100 before finding support and bouncing toward $1,110. RSI confirms downward momentum accelerating.

Crude Oil WTI continues to get kicked around within a $43.00 to $49.00 trading channel. Resistance near $46.60 held and WTI was pounded down through $45.00 no its say back toward $43.90. Oil slipping back under 50 suggests momentum turning downward again.


US Dollar Index continues to consolidate its recent rebound between 95.40 and 96.60 currently trading near 96.00. RSI holding 50 confirms sideways momentum.

NZDUSD is trying to break out of its $0.6250 to $0.6400 base building range with next potential resistance near $0.6420 then $0.6455. Support rises toward $0.6380 from $0.6360.

AUDUSD is sitting on $0.7000 trying to establish round number support after faltering near $0.7060. next support possible near $0.6890 with next resistance near $0.7100.

USDJPY rallied up through 120.00  but has dropped back a bit after running into resistance near 121.00. RSI rising up off 30 indicates downward pressure weakening.

EURJPY is bumping up against 135.15 resistance where a breakout would signal an upturn with net potential resistance near 136.80. RSI indicates an upturn in momentum pending. Support rises toward 134.95 from 134.40.