China/Japan DeMARK Analysis

Nikkei completing a DeMARK buy setup across the cash and futures markets. My take was that we broke out of bottoms in late March and this is a retest. These are clean levels to trade against.

The Hang Seng has an unfilled gap towards the 23500 area which is my target from here. Like the Nikkei, the March lows were the bottom based on the thrust and hold off the 2015 lows (red line). This is a shallow pullback and we must target trend factor levels higher.

On the Shanghai comp, it is a little bit cleaner. Clean levels are holding and we held the major 61.8% retracement. I'm looking for a retest back to 3480