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

Asia-Pacific Market Post-Market Review

May 22, 202606:15 PM LocalReal-Time Market Data
Hang Seng (HSI)
25,606
+0.86%
TAIEX (Taiwan)
42,268
+2.17%
Straits Times (STI)
5,065
+0.39%
Volatility Index — CBOE VIX
16.8% Moderate
Hang Seng (HSI)
Strong Bearish
25,606
+0.86%
Intraday
Bearish
Daily
Strong Bearish
Weekly
Bearish
Monthly
Bearish
RSI (41.1)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Short-term trend damage is confirmed below the 20-day SMA (26,016). The path of least resistance points lower until this level is recovered. RSI at 41 lingers below the midline — momentum remains in the bears' hands, though not yet at capitulation levels. MACD validates the bearish lean: histogram below zero and expanding in negative territory. The impulse leg is to the downside. Volume registers below average — the move lacks broad participation and is susceptible to reversal.
Support / Resistance
Support24,204
Resistance26,845
Moving Averages
21-day SMA26,011
50-day SMA25,778
100-day SMA26,151
200-day SMA26,007
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 41.1 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
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume spikes on down-days warn of active distribution and seller dominance.
Chart Pattern / Signal
Inverted V-Shape / Double Top Formation
Fibonacci Retracements
LevelPrice
High (0.0%)26,845
23.6%26,221
38.2%25,836
50.0%25,524
61.8%25,212
78.6%24,769
Low (100.0%)24,204
Extensions
ExtensionPrice
Ext 1.13 (Up)27,188
Ext 1.272 (Up)27,563
Ext 1.618 (Up)28,477
Ext 1.13 (Dn)23,860
Ext 1.272 (Dn)23,485
Ext 1.618 (Dn)22,571
Trade Setup
Entry
25,606
Stop Loss
25,820
Take Profit
25,178
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
TAIEX (Taiwan)
Strong Bullish
42,268
+2.17%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (61.6)Neutral
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
The 20-day SMA at 40,758 continues to act as dynamic support — price remains above it, reinforcing upside bias. The oscillator at 62 reflects sustained buying interest — bulls control the momentum channel. MACD validates the bearish lean: histogram below zero and expanding in negative territory. The impulse leg is to the downside. Volume is running cold at 0.0x the norm. Without broader participation, the current directional bias is vulnerable.
Support / Resistance
Support31,706
Resistance42,409
Moving Averages
21-day SMA40,613
50-day SMA37,021
100-day SMA34,218
200-day SMA30,145
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI at 61.6 confirms strong buying momentum, with room to run before becoming extremely overbought.
MACD Analysis
MACD histogram is negative and expanding, indicating sellers hold a strong momentum advantage.
Bollinger Bands
Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.
Volume Analysis
Recent volume spikes on down-days warn of active distribution and seller dominance.
Chart Pattern / Signal
Higher Highs and Higher Lows (Uptrend Structure)
Fibonacci Retracements
LevelPrice
High (0.0%)42,409
23.6%39,883
38.2%38,320
50.0%37,057
61.8%35,794
78.6%33,996
Low (100.0%)31,706
Extensions
ExtensionPrice
Ext 1.13 (Up)43,800
Ext 1.272 (Up)45,320
Ext 1.618 (Up)49,023
Ext 1.13 (Dn)30,315
Ext 1.272 (Dn)28,795
Ext 1.618 (Dn)25,092
Trade Setup
Entry
42,268
Stop Loss
41,734
Take Profit
43,336
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call64%
Buy OTM Call
Call Ratio Backspread64%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)61%
Sell OTM Put
Straits Times (STI)
Strong Bullish
5,065
+0.39%
Intraday
Bullish
Daily
Strong Bullish
Weekly
Bullish
Monthly
Bullish
RSI (75.8)Overbought
OVERSOLDNEUTRALOVERBOUGHT
Analyst Summary
Price respects the 20-day average at 4,961 as a floor, offering a constructive base for directional longs. RSI reading of 76 signals extended positioning. Watch for mean-reversion setups on any loss of momentum. On the MACD front, the histogram is positive and the fast line sits above the signal line — textbook bullish configuration. Volume is running cold at 0.0x the norm. Without broader participation, the current directional bias is vulnerable.
Support / Resistance
Support4,817
Resistance5,073
Moving Averages
21-day SMA4,960
50-day SMA4,952
100-day SMA4,910
200-day SMA4,658
Moving Average Signals
No significant recent moving average crosses.
Momentum (RSI)
RSI is extremely high at 75.8 (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
Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.
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%)5,073
23.6%5,013
38.2%4,975
50.0%4,945
61.8%4,915
78.6%4,872
Low (100.0%)4,817
Extensions
ExtensionPrice
Ext 1.13 (Up)5,106
Ext 1.272 (Up)5,143
Ext 1.618 (Up)5,231
Ext 1.13 (Dn)4,784
Ext 1.272 (Dn)4,747
Ext 1.618 (Dn)4,659
Trade Setup
Entry
5,065
Stop Loss
5,040
Take Profit
5,115
Risk / Reward
2.0
Strong Buy
Top Options Strategies
Long Call66%
Buy OTM Call
Call Ratio Backspread66%
Sell 1 lower Call + Buy 2 higher Calls
Short Put (Cash-Secured)63%
Sell OTM Put
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.