HSI
Added 2024-12-03 13:20:52 +0000 UTCThe HSI has found support on the 0.618 Fib now and is moving away from this level and is set to test the higher 0.5 Fib level next.
This is what we needed to see, next the bulls need to start flipping these higher fib levels to support and the 50 Day MA next.
I believe once the HSI reverses, all of the ADRs we follow will look after themselves and follow suit.
This has happened twice already this year.
China has announced that they are holding an Economic Conf on the 11th and 12th and they expect to share their plans on how they expect to achieve their Growth Targets and Stimulus plans, I think this is needed and could be very helpful, the HSI appears to be responding positively to this announcement.
