NIkkei has been running the board for the past week.
22,000 to 23,000 followed by a 5 day sell off to 22,000.

Nikkei held early and rallied last night. It is now getting close to
the breakdown level of 22,770. This will be closing resistance.

DAX…same story. There is room for another 140 points higher before encountering a level that would entice Bears.

The Dollar movements in the Euro & Yen have been directly correlated with the unwinding and winding of hedged offshore equity bets.

Spu’s  25X3 P&F shows patience is needed in chasing strength.
The sell stops are now just under yesterday’s low of 2555.

Watch the Banks early.

Nikkei…