HSI
Added 2024-01-30 13:58:14 +0000 UTCHSI is getting its pull back now since starting its aggressive stimulus measures, this is very important to watch now, whether or not the market believes that the measures will work....we are watching for a hold on the white Fib levels as shown, noting that the 0.5 Fib aligns perfectly with the much larger 0.88 Fib at 15500.
The HSI needs to make a higher low now and needs to hold support at one of these levels....a failure to hold these levels and the stimulus measures have not settled the market and it is possible that the Bear Case line will be tested again at 14600.
A successful hold and we are starting to see positives signs of a reversal now.
Comments
The bottoming process before reversal can be a painful drawn out one for sure
Lets Go
2024-01-30 14:44:07 +0000 UTCThis has been the most painful thing to watch. It aligns with all the Chinese equities.
Steven
2024-01-30 14:01:26 +0000 UTC
