My predictive analysis models are suggesting this week will be setting up for a major bottom reversal pattern in the US equities markets. My custom Smart Money index is showing signs of divergence that agree with this analysis. My suggestion would be for skilled traders to continue to hunt for bottoms before the end of this year and prepare for a massive upside ...
HSI is approaching our first resistance at 26587 (61.8% fibonacci extension, 76.4% fibonaccci retracement, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 25541 (61.8% fibonacci retracement, 61.8% fibonacci extensison).
Stochastic (89,5,3) is also approaching resistance and we might see a ...
Hello Traders,
Hang Seng is trending higher, closing at 26667.27, after an intraday high at 26692. This is the highest daily closing price since December 5/2018! The a/d-Ratio was at strong @3.5.
Notice that price have met the decling trendline (grey) which connect the lower highs of 2018-07-26 and 2018-08-28!
Short term there may by room for another solid ...
- no market looks happy... and HSI looks spiking down - if the major Monthly threshold is breaking - we are dropping straight down
- HSI seems stronger than SHCOMP (please advise why)
HSI is approaching our first resistance at 26587 (61.8% fibonacci extension, 76.4% fibonaccci retracement, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 25541 (61.8% fibonacci retracement, 61.8% fibonacci extensison).
Stochastic (89,5,3) is also approaching resistance and we might see a ...
Everything should be self explanatory in the chart. Of course - this will work until it doesn't, but for now, it seems like a pretty damn reliable indicator.
Go long SPY when the Hang Seng Index hits the lower range.
Sell SPY long and short the Hang Seng Index (hong kong stocks) when the top end of the range is hit.
The manner which this has historically ...
Hello Traders,
as I wrote of my last analyse on Dec. 15 the bottom at Hang Seng has been attacked but Sellers who try failed. HS bounced after a long decline to a Fibonacci of ~0.59 within a series of Gap`s up and down. The last low at 24540.63 is valid still and as long it is this we face a multi month advance for HS the time ahead. This low is counted as a wave ...
China/Asia break support and head lower as the debt contagion continues to spread in SE Asia. Watch how this debt/credit issue expands across SE Asia, South America and across the One Road project countries. My assumption is that China is using every resource possible to prevent this type of contagion event from happening now with it having "fingers in every ...
Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
This is textbook corrective bear market action. I can't see this any clearer than it's painted out for us. Here's the low down on HSI on the daily chart:
1. Death Cross on July 16 2018
2. Perfect bearish impulse to complete wave ...
HSI is approaching our first support at 25147 (76.4% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 26176 (horizontal swing high resistance , 61.8% fibonacci retracement).
Stochastic (89,5,3) is also approaching support and we might see a ...
Hang Seng Index bounced off our first support at 25432 (horizontal swing low support, 61.8% Fibonacci extension , 78.6%, 61.8% fibonacci retracement , horizontal swing low support) where a further rise could occur above this level pushing price up to our major resistance at 26320 (100% fibonacci extension , 50% fibonacci retracement, horizontal swing high ...
This, my custom Global Market Cap Index, is showing very good signs of a market bottom setting up. We still have to wait for this bottom to confirm, but the early indications are that this move lower just before Christmas was likely a "washout" low price rotation that will prompt a decent price bottom setup.
I've been searching through my charts and my other ...
Hang Seng Index is testing our first support at 25432 (horizontal swing low support, 61.8% Fibonacci extension , 78.6%, 61.8% fibonacci retracement , horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 26320 (100% fibonacci extension , 50% fibonacci retracement , horizontal swing high ...
HSI is approaching our first support at 25562 (78.6%, 61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support) where a strong bounce might occur above this level pushing price up to our major resistance at 26619 (61.8% fibonacci retracement, 61.8% fibonacci extension, horizontal swing high resistance).
Stochastic (89,5,3) is ...
A market capitalization-weighted index of 40 of the largest companies that trade on the Hong Kong Exchange. The Hang Seng Index is maintained by a subsidiary of Hang Seng Bank, and has been published since 1969. The index aims to capture the leadership of the Hong Kong exchange, and covers approximately 65% of its total market capitalization. The Hang Seng members are also classified into one of four sub-indexes based on the main lines of business including commerce and industry, finance, utilities and properties.
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TVC:HSI
