Dax Moves Higher, Nasdaq 100 quiet, while Hang Seng Roars to New 2024 high

While the Dax is trying to recoup lost ground and the Nasdaq 100 readies itself for Apple earnings, the Hang Seng continues to enjoy an impressive rally

​Further short-term gains target last week’s highs at 18,240, and then on to the record highs from late March. A close back below 17,800 could suggest a fresh test of the April lows.

​If this week has seen a lower high at 17,800, then further losses would head back to 17,000, and from there further towards the 200-day SMA .​The index has surged to its highest level since early November, as the recovery in Chinese markets continues apace. ​After wobbling earlier in the week back towards 17,500, the bullish move appears to be back in place. November’s high at 18,403 is the next level to watch.

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