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 .
agreed with you and do you think that is something about the china n us trade war?
Kontoeidis1989
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@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.