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Hang Seng Index Futures (HKEX:HSI1!)

Updated

HKEX:HSI1! Hang Seng Index Futures

beyondta hsi vpa

Right now it comes to half of March and the roller coaster has been running all the way down to around 28500-29500, with big shake from session to session.

Have got a feeling that market will be set to kill the volatility bulls for the coming couple of days, before it decides which way to go (downward then most likely).

From day chart, interesting analogised pattern was spot.

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Viewing my previous post to have some contextual understanding is advised.

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But personally think that chasing the bounce is risky.

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If plan to short, better wait and see a few more sessions.

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Price is keeping consolidating this morning, buying near 29k is seeming. Pretty good set up for a mark up in the short term.

In the option, yesterday saw substantial movement of profit taking (out flow of $48 mil 32000put expired in Jun).

Will update chart later today or this weekend.

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Suggest buying here, but allow a little bit room as no one is here when this shaking will end.

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Fiercely strong buying at the bottom this morning. Except re-testing of 28200

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Previous post as reference

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They are dumping quite heavily this morning in 1-minute chart, although MFI is still dropping on daily chart

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Abnormal volume last night. For fear that the "EOM" pump is in play, I covered all shorts this morning..

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Don't expect resistance is so strong here at 28.7k-28.8k. Close all my shorts

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Oh lol...my data was lagged thanks to crappy tradingview. It did test and failed but rejection was not quite strong there in terms of volume.

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cover all shorts first.

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Anyway, algos govern the market most of the day. Should not have bothered with it for any time.

If it continues to mark up tonight or on Thursday, the next resistance shall be 28700, where they strongly sold last week. If the price could sustain at that level, I would consider stop loss there.

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It seems promising for the bears so far. HSF May will be due next Friday. Am contemplating it will settle around 27200-26800, if today's mark down can be decisive. Will detail later.

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To correct my mistakes, June may not settle at 27.2-26.8k, here is why

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