Hang Send Index, at a very important junction here. The price is just sitting on the yellow historical trend line which has been in place since 1990 and shows how strong this channel has been over the last 23 years.
However, the price is also just below our blue line which was a support line since 2007 and the price looks to be testing this line from below here.....bulls will want to flip the 18378 blue line to support by using the yellow trend to bounce off.
So a bit of work for the bulls to do here to save this from going into the bear case.