HSI
Added 2024-09-16 11:09:00 +0000 UTCHSI is still sitting above the 200 Day MA and the 0.618 Fib and we can see that the 50 Day MA is moving lower slowly by day.
The price action is just sitting between the 50 and 200 Day MA's as they squeeze together and this is normally associated with a strong move
We want this move to be to the upside and break above from the 200 Day MA but we can't rule out a break down below the 200 Day MA right now.
But so far, we have a double 0.618 Fib hold....which has worked very well for us lately on other charts, including Silver and $AMD.
