HSI likely to break 26k this week

Updated

S&P is about to tank and it correlates with hsf.

Another observation is that there is heavy short of put option at 26000/26200 this month. It is likely it would tank below 26000 next week and go back to above 26200 by end of Dec.

Guess it will pump in the day and tank with S&P at night. Pumping on Monday morning provides good chance to short.

@lonelygenius

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3680 is an important level of S&P. Let's see whether it can hold.

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....If S&P can't hold 3680 tonight, bear market would likely to come, bringing hsi down tomorrow.

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Most think it will break 26k and go further south immediately. And market makers do not. They keep lurking you do premature calls at higher levels.

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Highlighted some other MFI-overbought spots recently

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Price went slightly higher with lower volume.
Low volume is reasonable b/c the price did not touch any important levels.
Should see how it goes in NY session.

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Short the gap this morning. The gap may mark the start of correction if not quickly filled.

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Recovery yesterday afternoon and hovering at this level today makes it less likely to go down. Sidelined.

ffaz

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