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Shunya.Trade Options Engine

Asia-Pacific Market Post-Market Review

May 08, 202603:30 PM LocalReal-Time Market Data
Nikkei 225 (N225)
62,671
-0.26%
KOSPI (South Korea)
7,498
+0.11%
Volatility Index — CBOE VIX
17.1% Moderate
Nikkei 225 (N225)
Strong Bullish
62,671
-0.26%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (72.6)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Buyers defend the 20-day SMA at 58,722 — the near-term trend structure remains intact. With RSI at 73, the risk/reward for new long entries deteriorates. Favour strategies that benefit from a pullback or consolidation. On the MACD front, the histogram is positive and the fast line sits above the signal line — textbook bullish configuration. At 0.0x average volume, the move is thinly traded. Liquidity gaps could trigger sharp reversals on any catalyst.
Support / Resistance
Support50,559
Resistance63,091
Moving Averages
21-day SMA58,469
50-day SMA56,216
100-day SMA54,496
200-day SMA49,971
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 72.6 (Overbought), indicating price is extended and a pullback is likely.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern / Signal
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)63,091
23.6%60,134
38.2%58,304
50.0%56,825
61.8%55,346
78.6%53,241
Low (100.0%)50,559
Extensions
ExtensionPrice
Ext 1.13 (Up)64,720
Ext 1.272 (Up)66,500
Ext 1.618 (Up)70,836
Ext 1.13 (Dn)48,930
Ext 1.272 (Dn)47,150
Ext 1.618 (Dn)42,814
Trade Setup
Entry
62,671
Stop Loss
62,010
Take Profit
63,995
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call72%
Buy OTM Call
Call Ratio Backspread72%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)69%
Sell OTM Put
KOSPI (South Korea)
Strong Bullish
7,498
+0.11%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (91.7)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price respects the 20-day average at 6,488 as a floor, offering a constructive base for directional longs. Momentum oscillator at 92 enters overbought territory — the tape is stretched and vulnerable to profit-taking. On the MACD front, the histogram is positive and the fast line sits above the signal line — textbook bullish configuration. Thin participation (0.6x average) suggests the tape may be drifting rather than trending. Treat breakouts with scepticism.
Support / Resistance
Support5,043
Resistance7,532
Moving Averages
21-day SMA6,458
50-day SMA5,946
100-day SMA5,360
200-day SMA4,457
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 91.7 (Overbought), indicating price is extended and a pullback is likely.
MACD Analysis
MACD is expanding positively, highlighting that buyers are firmly in control of momentum.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.
Chart Pattern / Signal
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)7,532
23.6%6,944
38.2%6,581
50.0%6,287
61.8%5,994
78.6%5,576
Low (100.0%)5,043
Extensions
ExtensionPrice
Ext 1.13 (Up)7,855
Ext 1.272 (Up)8,209
Ext 1.618 (Up)9,070
Ext 1.13 (Dn)4,719
Ext 1.272 (Dn)4,366
Ext 1.618 (Dn)3,505
Trade Setup
Entry
7,498
Stop Loss
7,385
Take Profit
7,724
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call72%
Buy OTM Call
Call Ratio Backspread72%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)69%
Sell OTM Put
Market Search Previews
Key Takeaway
Monitor Asian session volume patterns for institutional positioning signals ahead of European crossover.
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⚠ Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice. Options trading involves significant risk of loss. Past performance does not guarantee future results. Always conduct your own research and consult a qualified financial advisor before making any investment decisions.