Kontoeidis1989
Short

HSI possible decline to mid/late June

TVC:HSI   Hang Seng Index
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2
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I don't like the index at all
I think the 29130 is crucial at this point.
A break of that level and then the decline will be accelerated to downside.
So far it can't even clear the 38.2% fib resistance from the highs.
Very weak and we have a clear break of the VTL .

Yea my point is that I don't like it at all.
agreed with you and do you think that is something about the china n us trade war?
Reply
@Narita0624, hi narita. it could be. however, i am a cyclical analyst and my work is mostly based on cycles and where are the pointing out.
So far i still don't like the HSI and i think it has plenty of room to go to the downside before resuming a rally in mid/late June.
Reply
Narita0624 Kontoeidis1989
@Kontoeidis1989, when is a good time to pick up hsi again?
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