2019.2.4 am6:19 hsi1! hang seng looks good for selldeclining trend line
emergence of declining divergence,
short position
entry price : 28000 /28100
stop loss : 28200
target price 27400 / 27000 / 26800 / 26550 /
when 26500 breaks, put on the mit at 26800 and hold it !! until 26150
the ratio of Risk/Reward compensation
minimum 1:6 maximum 1:17
good luck
HSI1! trade ideas
HSI1!: ABCD completion into 200-DMA HSI futures just completed a counter-trend rally ABCD to run smack into the 200-days moving average and I would consider it ripe for a correction. A simple analysis of the higher lows and higher highs would suggest this is a bullish retracement. Zooming out a bit, one would notice there isn't really any support at these levels till the 22,250 level which happens to be:-
#1 the 78.6% retracement of the 2016 - 2018 uptrend
#2 a massive uptrend line which links the AFC, DotCom, GFC and Taper Tantrum troughs.
In both scenarios, we are still talking about an impending correction with the main question being how deep will it cut; <-10% or c.-20%
Weekly Market Outlook - Dow Jones & Hang Seng IndexWeekly Market Update from TradeVSA Chief Trainer, Mr. Martin Wong.
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HSI review in 2018 and the prospect in 2019In bearish market, starting from Q2 of 2018, the Hang Seng Index (HSI) enters bearish market. According to EW Theory, bearish waves either move in 5 or 3 smaller waves. Waves are impulsive if they move in 5, or corrective if they move in 3. In 5, we will denote the waves in 1-5, while ABC are used for corrective waves. I am betting the HSI will have 5 waves to go since the prices have been edged down past 250 MA which is one of the indicators showing it's a bearish market.
How High Can HSI Reach This Year?US Stocks have recovered more than half their losses, rising much more gently and deliberately, when compared to the wild selloff that took the market down as much as 20 percent in December. On January we observed that the market could have hit a bottom in late December, though some strategists still expect a retest of the lows on the worry of weak global economic growth and the US-China Trade Talk will fail before the deadline. But Trump wants the trade deal and Chinese govt is pumping liquidity to lift up the weak A-shares. Therefore, I expect the HK stock markets will move higher at the first quarter of the year amid good outcome on the US-Trade deal and Fed's dovish move, but I don’t really expect a huge gain, probably retest 29000 or below 30000 this year.
A Strong Bear Market Bounce For HSI (HSIF9 Hourly Chart)Expect a short-term pull back near 26100 level after a strong bounce from below 25000 to 26600, and probably challenge a higher level again. Market is still optimistic on US-China trade talk and expecting a pause in QT by Fed this year. Let's see...
A Volatile Week For The HK MarketsGlobal stock markets sold off on Thursday after a warning from tech giant Apple Inc about slowing China sales, while data this week showed manufacturing activity shrank in December for the first time in more than two years. But HK markets failed to follow suit on Friday morning as A shares quickly bounced back from the low bottom amid smart money came in to squeeze the short sellers as China’s central bank said on Friday it was cutting the amount of cash that banks have to hold as reserves for the fifth time in a year, freeing up $116 billion for new lending as it tries to reduce the risk of a sharp economic slowdown. The bounce was so quick and sudden and traders started to short covering their positions when the futures price failed to move further down to 25000 level this week, and the market sentiment suddenly changed to more optimistic as positive news came in to boost the market back to 25500+ level. Personally, I think HSI will slow down its momentum near 26000-26200 resistance level but overall the market finds its support near 24500-25000 support zone. In the meantime, investors are still reluctant to enter into the markets, we need to take some time to digest the news and see how the negotiation on US-China Trade War goes on coming days.
HSI Falls More Than 3% On The First Trading Day Of 2019HSI fell on the first trading day of 2019 as evidence of slowing Chinese growth weighed on investors already reeling from the worst year for global equities since the financial crisis. HSI futures touched 25000 support after releasing of the weaker than expected China Manufacturing data; the Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) for December fell to 49.7, from 50.2 in November, and followed a raft of soft trade data from the Asian region.
The steepest declines were in Hong Kong and China, while shares also fell in Australia and South Korea. S&P 500 Index futures trimmed an advance spurred by signs U.S. President Donald Trump may be more willing to make a deal to end a government shut down. The third wave might extend at the first quarter of 2019 and HSI is likely to retest last year pivot low at around 24500 if support at 25000 fails. I will keep short positions unless price can break 26200 resistance.
Trading 1 Minute Chart with VSAAnother quick update and trading opportunities to trade in HSI.
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Trading HSI in 1 Minute Using Volume Spread AnalysisHSI just break below the support with high volume Sell-Off signal.
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S-T Strategy For HSI Futures: Sell On ReboundThe pivot low support near 24500 was pretty strong and HSI futures failed to challenge 27500 after the G20 meeting. Obviously, HSI didn't follow US stocks sharp correction much for the last few weeks. It would be interesting to see how market reacts after the long Holidays... Still expect HSI to hit 23500 level or below. Let's see...