HSI
Added 2024-07-15 11:07:16 +0000 UTCChina's ruling party kicks off a 4 day event today to discuss economic growth and national issues, it is believed that this will be an opportunity to announce fresh stimulus packages, so we'll be waiting to hear more information from this event.
HSI opened lower today but held support on its 20 Day MA and above its White 0.5 Fib at 17874. As this was pointed out in the group chat, we are looking for a higher low from this pull back, after hitting resistance at the 50 Day MA late last week.
A higher low will be bullish and we will be looking for signs of Subwave 2 of Wave 5 completing.
Policy makers will directly affect how the HSI moves this week and fresh stimulus measures will be bullish.
