Market Talk – April 3, 2025
ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 989.94 points or -2.77% to 34,735.93 • Shanghai decreased 8.12 points or -0.24% to 3,342.01 [...]
Year-end For Asia
The Year-End number for the Shanghai share index is 3239.5. A closing above this number will keep the market in a consolidation mode. Resistance stands at 3478.01 and support going into 2018 will reside at 2444.0. A closing below 3478.01 will warn that we may see a retest of support.
In the case of Hong Kong, there is a risk of new intraday highs in 2018, but 2017 may remain as the highest annual closing. If this proves to be correct, then 2018 could form a major high given this is also lining up with the Pi Cycle. Critical support will now lie at the 28620 level.
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