📌 Originally published at shunya.trade — View with interactive charts & tools.
Shunya.Trade Options Engine

Asia-Pacific Market Pre-Market Analysis

May 18, 202608:15 AM LocalReal-Time Market Data
ASX 200 (Australia)
8,631
-0.11%
Volatility Index — CBOE VIX
18.4% Moderate
ASX 200 (Australia)
Strong Bearish
8,631
-0.11%
Intraday
Bullish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (40.0)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Sellers have pushed through the 20-day average (8,748), signaling a deterioration in near-term structure. The 40 RSI keeps the momentum profile in bear territory. Rallies are selling opportunities until the 50-line is recaptured. MACD validates the bearish lean: histogram below zero and expanding in negative territory. The impulse leg is to the downside. Our 31-strategy scoring model ranks Long Put as the highest-conviction play at 66%.
Support / Resistance
Support8,262
Resistance9,022
Moving Averages
21-day SMA8,757
50-day SMA8,714
100-day SMA8,798
200-day SMA8,804
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 40.0 is well within the neutral zone, showing balanced momentum without extreme conditions.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.
Volume Analysis
Recent volume spikes on down-days warn of active distribution and seller dominance.
Chart Pattern / Signal
Lower Highs and Lower Lows (Downtrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)9,022
23.6%8,842
38.2%8,732
50.0%8,642
61.8%8,552
78.6%8,425
Low (100.0%)8,262
Extensions
ExtensionPrice
Ext 1.13 (Up)9,120
Ext 1.272 (Up)9,228
Ext 1.618 (Up)9,491
Ext 1.13 (Dn)8,164
Ext 1.272 (Dn)8,056
Ext 1.618 (Dn)7,793
Trade Setup
Entry
8,631
Stop Loss
8,682
Take Profit
8,529
Risk / Reward
2.0
Strong Sell
Top Options Strategies
Long Put66%
Buy OTM Put
Put Ratio Backspread66%
Sell 1 higher Put + Buy 2 lower Puts
Bear Call Spread63%
Sell Call + Buy higher Call
Market Search Previews
Key Takeaway
Watch SGX Straits Times Index divergence with regional peers for relative strength cues across ASEAN markets.
Free Daily Analysis
Get Pre-Market & Post-Market Setups Every Day
Options Engine signals for NIFTY, S&P 500, DAX, Forex & 10+ global markets — completely free.
Explore Shunya.Trade →
⚠ 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.