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Hang Seng Stock Index - Strong +ve sign if manage a close above

HANG SENG INDEX (INDEX:HSI)  
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INDEX:HSI   HANG SENG INDEX
Trend Analysis Technical Indicators hangsengindex shortcovering
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trendanalysis indicator hangsengindex shortcovering
The Hang Seng Stock Index (Hong Kong) is trading better recently. It is currently testing the daily ichimoku cloud, and will be a strong positive sign should it manage a close above the cloud. Is this just shortcovering ahead of the meeting between Trump and Xi at the G20 Summit or is it something more?
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