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Potential bull flag on ASX futures (SPI 200)

Long
ASX SPI 200 Index Futures (ASX24_DLY:AP1!)  
CityIndex Broker  
ASX24_DLY:AP1!   ASX SPI 200 Index Futures
Trend Analysis Volatility Support and Resistance volumeprofileanalysis volumeprofileindicatir vpoc ASX asx200 spi200 asx200analysis Indices volumeprofilebreakout
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trendanalysis volatility supportandresistance volumeprofileanalysis volumeprofileindicatir vpoc asx asx200 spi200 asx200analysis indices volumeprofilebreakout
The ASX 200 cash market rose for a second day, although the SPI 200 futures closed flat with a potential bullish pinbar on the daily chart. The 1-hour chart also shows a potential bull flag, which projects a target around 7640 (or the Feb 2nd overnight VPOC - volume point of control).

For today, bulls could seek pullbacks towards 7580 - 7587 (overnight VPOC) in anticipation of a break higher. Or wait for the break to enter long.

Upside targets include 7600, 7614 (cycle high), and 7640 / 100% projection.

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