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BVMF Hang Seng Index Futures

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HSI1! trade ideas

A Volatile Week For The HK MarketsGlobal stock markets sold off on Thursday after a warning from tech giant Apple Inc about slowing China sales, while data this week showed manufacturing activity shrank in December for the first time in more than two years. But HK markets failed to follow suit on Friday morning as A shares quickly bounced back from the low bottom amid smart money came in to squeeze the short sellers as China’s central bank said on Friday it was cutting the amount of cash that banks have to hold as reserves for the fifth time in a year, freeing up $116 billion for new lending as it tries to reduce the risk of a sharp economic slowdown. The bounce was so quick and sudden and traders started to short covering their positions when the futures price failed to move further down to 25000 level this week, and the market sentiment suddenly changed to more optimistic as positive news came in to boost the market back to 25500+ level. Personally, I think HSI will slow down its momentum near 26000-26200 resistance level but overall the market finds its support near 24500-25000 support zone. In the meantime, investors are still reluctant to enter into the markets, we need to take some time to digest the news and see how the negotiation on US-China Trade War goes on coming days.
HKEX:HSI1!Long
by DevilTrader168
HSI Falls More Than 3% On The First Trading Day Of 2019HSI fell on the first trading day of 2019 as evidence of slowing Chinese growth weighed on investors already reeling from the worst year for global equities since the financial crisis. HSI futures touched 25000 support after releasing of the weaker than expected China Manufacturing data; the Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) for December fell to 49.7, from 50.2 in November, and followed a raft of soft trade data from the Asian region. The steepest declines were in Hong Kong and China, while shares also fell in Australia and South Korea. S&P 500 Index futures trimmed an advance spurred by signs U.S. President Donald Trump may be more willing to make a deal to end a government shut down. The third wave might extend at the first quarter of 2019 and HSI is likely to retest last year pivot low at around 24500 if support at 25000 fails. I will keep short positions unless price can break 26200 resistance.
HKEX:HSI1!Short
by DevilTrader168
Hang Seng Index: Positive to 28017 on a break above 26770Hang Seng Futures HSI1! Next Long Set-Up This index made a neat exit of the upper parallel - followed by a pip perfect retest of the same line before reversing higher again to test the first line of resistance at 26764, failing just below here after an intraday high at 26694 on futures. The 26770 level is looking increasingly significant. A break above here should be worth following for close to 5% upside to 28017. This index really needs a stop of about 100 points - 3 times more than the Dow although they are both the same price pretty much. It's just the way it is. So a break above 26770 will need a stop 100 points lower at least, and really it should be under the 26588 level, which is over 180 points of risk against 1200 points of reward. The range between 26764 and 26588 is creating whipsaw - it's effectively a small band of uncertainty which may crreate a little more whipsaw around the open. But once it's shown it can overcome 26770 it should be worth following long - but be careful with the stop if trading this one.
HKEX:HSI1!Long
by sumastardon