Stocks - HSI Leads DownIdea for Indices:
- HSI is in something like an island top reversal. Was expecting a bounce to 20 DMA, but only seems to be getting 9 DMA and looking on the verge of collapse.
- This "bull flag" that it was in previously resolving in this way is a huge clue... as this pattern exists right now in so many important markets globally.
- China has already popped their bubble and will lead down, liquidity flows will be HSI > NKY > DAX > NDX > SPX. The deflationary wave is coming IMO.
Next leg down for HSI likely 19 or 21k. This may not translate fully to US markets, but at least should see the bottom of the risk range, so NDX 14k for this initial move. 7-15% correction from the top on US markets.
GLHF
- DPT