HSI
Added 2024-07-02 11:00:25 +0000 UTCAnother slightly green but mainly flat day for the HSI, we are seeing a regular theme here where the HSI opens strong to start the session and then starts to fade throughout the day.
Bulls are optimistic at the opening but weak sellers get out on any bounce....sellers will likely fade out as this continues as the price continues to hold support, above the 0.618 Fib and the 200 Day MA.
I uploaded the $KWEB chart last night and we can see that it is testing its 200 Day MA now but the HSI is not quite there yet.
The trend continues to favour the bulls above this important Fib level and the 200 Day MA.
Comments
It's possible yes....unless there is a catalyst, like the policy makers positively intervening again.
Gareth Neary
2024-07-02 11:17:48 +0000 UTCWould make sense to me that it'd continue down on it's trajectory to meet the confluence of the upward trendline from those two lows, the 200dma, and 0.618 fib line - timeline around August. Do you think?
Nick E
2024-07-02 11:14:31 +0000 UTC
