Hang Seng Index - channel-riding up the channel and price rejected at channel top 302ish
-Cash gap in 2007 top at 309-313, future has already filled the gap due to fat finger
- it becomes a mystery if cash price will fill the gap in future
- however, need to see more bar to confirm bearish, a double top/lower high will be a tradable short
Hang Seng HSI
The Global Stock Market (excluding US) is OverboughtThe Global Stock Market's (excluding US) Monthly RSI is Entering Overbought Territory. While not as extreme as VT, I would be careful about going long here in developed markets or emerging markets. For a while longer, I expect it will outperform the US but I think it will for in upcoming months. The ECB is planning (that may change if stocks or especially bonds fall) cutting back on its quantitative easing as is China. This drop in stimulus and liquidity will likely cause a downturn in European and Chinese markets. EDZ (3x bear) and EDC (3x bull) are leveraged emerging markets etfs. DPK (3x bear) and DZK (3x bull) are leveraged developed markets etfs.
ICBC HK Stocks Daily Update (15/8/17)Trenches below supporting the price
We have a resistance preventing the price from moving upwards.
Once 5.8 is clear, it would easily fly.
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time.
....market rebounded to 285xx and reversed as predicted.
but still i couldnt say this is the start of a much bigger mid term correction
this month s candle very likely to be bearish but its not 100% and todays high shouldnt be breached again for the downtrend to continue
won some fast money these few days :) gonna stay on the sidelines for a while
Crazy!!the index plummeted crazily right after i 'd called the top :)
it should rebound from here back to 285xx before going down again.
Remeber i said this months candle is very likely going to be a bearish one ? ( becuz of the 8 consecutive bullish monthly candle theory)
we opened at 27885 this month. we should go below 27885 before the last trading day of October
correction pendingsaw resistance at 288xx. should be heading to 282xx-281xx first.
some interesting finding : after 8 straight bullish candles on monthly. the 9th would be bearish(which was true as we saw last month).
the 10th candle would also be bearish 70% of the time). This month the index opened at 27885,
lets see if there 'd be some fast sell off towards the end of October.
Struck in the Middleafter the rebound to 285xx, index quickly dropped back all the way to 283xx and further to the 282xx support during the night sessions
yet it found support at the bottom of the range again and managed to go back to 284xx this morning.
Now it would only be safe to short again if the hourly closes below 28330 or 28362 for futures.
it could go all the way to 288xx if this level holds. but i don't recommend longing the index