HSI is testing its higher low support level now after bouncing on the 0.5 Fib at 19,852.
We can see that the pull back today has held on the 0.618 Fib at 20,363, almost exactly.
This is where we need to see the HSI hold support now in order to confirm that Wave 4 is now complete and we can look forward to a move up to Wave 5 next.
Chinese policy makers have said this week that they will likely make an announcement on the 5th of November if Trump wins, and the stimulus package could be up to $1.4 Trillion dollars......an astronomical amount.
There would be no doubt where the HSI is going if this is announced = Wave 5.