HSI
Added 2024-09-17 11:52:27 +0000 UTCAs always, when we have a double 0.618 Fib hold, followed by a series of higher highs and lows, we can add parts of the next impulse wave now, so I have added in the 1.618 Fib extension to show potentially where this bounce can move to, which is at 19798
I am assessing this right now, as the timing is interesting, confirming two higher lows and staying above the 200 Day MA, as Gold, Silver, Bond and defensive safe havens start moving higher.....this appears to be a potential flight away from US exposure as we await the Feds decision this week.
I would still like to see Chinese Policy makers come out with a shock and awe stimulus measure, I still think it's needed but right now I am happy with my Chinese hedges against the US market when the HSI is showing this set up.
Comments
Captain....so just to make sure that I understand correctly. HSI looks to be starting wave 3 with potential to reach the 1.618 fib or higher. Was the previous impulse wave which ended in May unusual? It looks like Wave 3 could have been the smallest wave and wave 5 went extended. Is this correct? Do you think this wave could run like Wave 5 did in May? Steeper and possibly extended. Just trying to make sense of this chart. Thanks!
Diana
2024-09-17 19:24:42 +0000 UTC
