Taiwan took the lead and now.........

China Shanghai index broke the short term upside by breaking the inclined parallel line.  Its future China A50 broke the inclined parallel lines on the same day.  Watch for supports for the time mean.  What if it continue to broke one support after the other?  For SSE 2850 is a major, strong and important support.  China A50 is at 8377.

Hang Seng filled gap and currently is at the important support level. 

What about STI?  This market is definitely on down trend. 

 Important ASIA indices, beside Japan Nikkei, most of the markets are in bad shape.  Next 3 months, we are going to see some interesting move not only from the ASIA.  Enjoy. 

Once again Taiwan market took the lead

Taiwan Future repeated what happened on April - gap up, gap up then followed by a black candle and then trend started to turn.  Yesterday, it broke disagreeing trend.  Today it broke higher low and closed inside the major trend line. 

Taiwan index, same as Future except it has not closed below the major trend line.  It is challenging this major trend line.  Confirmation, look out over next two days.