[Soultrader]

Expecting a fairly interesting day today with Asian markets up significantly relative to where it opened. Japanese markets rallied strongly today led by financials, industrials, and trading.

Nikkei, TOPIX, Hang Seng, and Singapore futures are all net positive today for a straight flush. Will watch how this affects the European markets today.

Below shows chart for the Nikkei 225 futures. Signs of other market timeframe participants exist.... IB break led to a impressive rally indicating strong demand to push price into previous sessions value area despite the gap down.



Financials leading in Tokyo today is good news. Financials have been taking a hammering in globally. Perhaps the financial sector can act as a good market internal tool for todays upcoming US session.

Taking a look at the YM, we are likely to stay within 1/17 value or perhaps even move up into the 1/15 - 1/16 bracket area. Alot of traders are still short from yesterday in my opinion, and any shift in market sentiment can cause the shorts to start covering causing good momentum based strategies for the day. (yep, I have a long bias )



Will post any updates based on any interesting premarket action.