By Chris Becker
US stocks continued ever higher last night putting in a solid session to finish the month helped by a stronger dollar, oil prices and a lower Euro as the latest inflation print came in unexpectedly lower. The bruhaha surrounding the Mueller indictments and continued speculation about a new Fed chair didn’t push risk around as expected.
Recapping Asia yesterday first where in mainland China the Shanghai Composite remains below previous resistance at 3400 points, still hovering at 3386 points. As you can see on the daily chart, price really wants to burst higher from this level, but it needs a clear close above this critical level:
