ASX 200 Market Internals: By yesterday’s close, we had mixed feelings on the ASX 200 chart. On one hand, it is holding above 7,000 and produced a three-bar bullish reversal (Morning Star Reversal) above its 20-day eMA. Yet, on the other hand, it is struggling to re-test the February (Pre-pandemic highs) let along break above them. There is clearly a battle around current levels which can be frustrating for trend traders until a breakout occurs. But, with index futures, Europe and US broadly lower, we’re in for a soft open today. Although bears need to see a break beneath 7,000 before they can assume control.