Nikkei has bounced off the 33,000 level but only up around 250 from there. This has created a possible overlap and therefore showing signs that this was a bear flag formation. USDJPY has set a recent lower high - running out of momentum showing a balance of probability that funds are still moving back into Japan still at this stage.
The enthusiasm of a US bull push has lost steam from its highs since the Oz markets closed. Tonight, is starting to look like it might turn red or at least a very weak push up.
The AUD is losing strength still. This should ring warning bells as the USD has been dropping at the same time. One thing that I would suggest is a drop off in AUDs being bought. Could this mean that the exports from Miners have come to an end? That would not be good and a total wake up call for everyone in Oz (especially those with massive property debts).
(20min delay)