HSI
Added 2024-03-06 08:59:07 +0000 UTCYesterday to start the week we saw a strong pull back when Chinese policy makers announced that their aim for the year would be 5% growth for the economy, a reaction which seemed over the top but the dust settled a bit today and we can see that support was found on the 200 MA on the 1hr chart and bounced back into the bullish channel.
16600 still remains the level to stay above and this would mean the price is above the historical green line and on the outside of the downward channel.
Until this happens, we must be cautious.....we want the HSI to behave against the direction of the US market.
