HSI1! trade ideas
2020.11.04the frist idea publish for "private idea" by mistake.
the next chance may the "cross line".
upgrade in afternoon.
HSI almost overboughtAppears the Asians and EUros turned the algos back on we're back to the Mon/Tues/Wed pump and probably a down day Thu as everything gets overbought.
Not gonna chase the market tomorrow, will wait until Wed afternoon or Thu morning for a short opportunity.
Biden vs TrumpLittle does it matter. Long term policies of USA won't change whoever wins meanwhile markets will continue to do their own thing.
There has been accumulation happening for last 2 months which should see HSI rally towards 26k post elections with Ant's ipo carrying it higher still from there.
Euphoria won't last for very Long as the market movers will use these 2 events to distribute whatever is left from 2 years of distribution. 2021 may see the bubble burst and all hell breaks loose but we will worry about that when the time comes.
Friday's afternoon selloff was a shakeout below which SL can be placed.
P.S. Trump will win.
HANGSENG INDEXTVC:HSI
Hangseng index will go to make 1st wave and mostly a Elliot Wave identification was formed after huge correction happened since black march 2020.
HSI (HK33HKD; Oanda) In 2nd ellipse.Moving according to plan from Sept 13. Ready to short using your own entry method.
Link to previous plan below at 'Related Ideas'.
HSI UpdateI guess I should have noticed this Friday.... Hang Seng futures actually went oversold.... explains the pump we're seeing.
RSI now overbought and it's quite the pump so not sure if we see any follow through Monday night. Will re-evaluate the situation tomorrow, but for now I'm long on AAPL.
HSI OverboughtHang Seng FUtures overbought on 3 and 4 hr charts.
When will this strange global pump end....
Bottom is nearI updated on Friday in my last week's post but it was late so putting it here again. Short term bottom might be in and we can see price make its way towards 23500-600 from here. We are seeing third batch of accumulation between 23400-200 with first being between 24500-200 and a rather brief one between 23750-600. Expect price to spend most of the time between 23400-200 and wild swings in either direction to trap traders on both sides over the next few days.
By the look of things, Final bottom will come somewhere during the first week of October.
22900 was the initial target but we are already very close to it so a bit more South is likely.
22900-22500 was the area of accumulation during the shakeout in May. Below there is one more gap at 21900 from 24th March.
I am very confident of multi month Bull market very soon but at the same time i won't go rushing in just yet in fear of missing out.
Next week is short. Thursday and Friday is close.
Best of Luck.
