It’s game time coming up for the HSI as it tests the upper channel level today.
Just above this level is the 200 Day Ma, we’ve had a near 6% jump leading up to this test, so this is quite high, there may be one more short pull back before the 200 Day Ma is tested properly.
I expect this to be a big test, so a number of attempts can be made, so do not let this surprise anyone.
A number of big Chinese techs are about to test their breakout levels too, so we are at an important junction.
17250 is the eventual level we want to see flipped to support.
The chart is moving as expected so patience is needed now until we get the breakout