If the recent developments in the markets hold and fear dissipates, I think a play on Hang Seng index would be terrific opportunity. To be sure, I am still expecting a slight pull back to around 18500. This index is peculiar in the sense it has some good correlation with China but is not as violent as CSI index. For someone with high risk appetite, this should...
Tho the market can as well break down from here based on the technicals, we do see reversal signal in alot of other indicies. so if that means we go up from here one way or the other, this will be the overall picture to fill out. so far im not interested to do stuff here but if we can break the upper blue dashed line i will be looking for long setups. maybe i will...
Perhaps China is nearing a bottom, at least in the near-term. Could synergize well if oil also begins a real bounce out of the descending channel from last Summer.
Add a little bit more to my previous post~
After several weeks of selling, U.S. and Chinese markets are both signaling a potential reversal in the short term. A relief rally seems logical at this point.
Index has reached the 127 fib expansion (Somewhat schewed Butterfly) but is currently pushing below the Monthly S3 towards reaction low 19453. The white lines is made up of a Weekly ABCD pattern which terminates right at a long term Trendline around 15000 and close to Yearly S2. Red dottet lines are reaction lows on the way. The 161 extended Butterfly stands in...
Analysis of the Hang Seng to get an idea of global markets. The green arrow shows the top...the same date that the US markets started the crash....Oct 2007. The only difference between this market and the US is, the US market is forming a Expanded Flat (huge) where the b wave rises above the top...wave 5. The most important part to this entire chart is the red...
Everyone's been saying that the SPX is following oil, or the SPX is following the HSI, but in reality the global economy is getting worse and they're all just going down.
Nice tight cluster for this shark accompanied by bullish RSI divergence on the ?false? break. Cons.: Break + retest of middle line.
Asian Indices Nikkei Nikkei hits three week low on account of global equity sell off and weaker oil prices. It has made a low of 192333 and is currently trading around 19300. On the lower side the index major support is around 19200 and any break below targets 19020/18630 level. The index is facing minor resistance around 19550 and break above will take the...
Hang Seng index is currently negotiating at the median line gateway. If it is rejected, we could be seeing bulls getting slaughtered
A potential level to watch should price decide to fall lower. If you like our analysis, Subscribe to our mailing list for future updates or events: eepurl.com Follow us on Facebook: www.facebook.com
On cliff. After 8 rebounds... one of them has to fail to allow some breathing
23750 is the level to be watch closely. I believe the HSI could moving forward to 23000 and 22500 as the level has been broken. Good luck and happy trading :)