Why I keep looking at HSINot sure why I'm responding to a troll, but here's the reason why I track HSI....
The orange line is PDD. I don't trade HSI futures, PDD options have better return. BABA chart is similar.
HSI1! trade ideas
HSI1! 2022 JAN 10 Week
HSI1! 2022 JAN 10 Week
If breakout of 23695 and is supported, this may signify change in trend.
Possibility of demand returning as price has been peeling away from the
lower trend line (black).
Fresh trend line (brown) scenarios will be
1) bounce from trend line and breaking upward and supported by 23695
could lead to change in trend.
2) Oversold and market re-enters the asymmetrical price boundary
between the brown and black trend line.
Daily: Downtrend. Approached trend channel on low volume
and closing off high = weakness
H4: Up bar closing off high on low volume = weakness.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI almost overboughtSomething to watch out for next week.
BABA reversed but might have one more day before it reverses. With the US market now pumping towards close, I'd be more tempted to short China than US if you;re bearish.
I was telling a follower, China is the contrarian index, lol. Made decent money shorting Chinese ADR the past few months.
HSI1! 2022 JAN 03 WeekHSI1! 2022 JAN 03 Week
Trade remains guided by trendline.
If breakout of 23695 and is supported, this may signify
change in trend.
Daily: Downtrend. Price bar closed off high = supply is
present.
H4: Ranging between 22964 - 26395. Last bar Upthrust
bar shows supply is present. Price may test 23160 - 22964
in the short term.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Dec 20 Week
HSI1! 2021 Dec 20 Week
Trade remains guided by trendline.
Short preference still in place to short on
test of previous higher levels or at top of
channel line at lower TF
Weekly: Downtrend still. Weakness remains
Daily: Downtrend, current market has no desire for higher price.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
It is time to get Long...On Hengseng.After long depression phase on HengSeng, there is consolidation phase and it will be uptrend soon......
Investment time duration......1 to 2 months....
RUNNING FLAT PATTERN IN HSIThe last pull back wave ''c'' will bring HSI FUTURES to 24425 levels this week (10/12/21)
This will be the clue for creating shorts,because next downside target is at 19334
HSI1! 2021 Dec 06 WeekHKEX:HSI1!
HSI1! 2021 Dec 06 Week
Trade remains guided by trendline.
Market trading in a 500pt rotation, will it be accumulation or a pause?
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below it, will short when resisted.
Weekly: Low volume down bar closing on low = Supply weakening, BUT
not change in behavior yet.
Daily: Low volume down bar closing near off low = some support BUT
no change in trend yet
H4 = High volume down bar closing near low = weakness
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : ) HSI1!
HSI1! 2021 Nov 29 Week
HSI1! 2021 Nov 29 Week
This week's trade plan will still be guided by the trendline.
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below it, will short when resisted.
Weekly: Average volume down bar closing near low = weakness
Daily: High volume down bar closing a little off low = sone demand
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Nov 22 Week
HSI1! 2021 Nov 22 Week
Market again tested 247XX. It was not ready to go up . Trade will be guided
by the trend line and will only long if market exits trend line and is supported.
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below it, will short when resisted.
Weekly: Average volume down bar closing near low = weakness
Daily: High volume down bar closing off low, some demand present.
Market came down on lower bearish volume, supply may be exhausted.
H4: Friday's market came down on relatively higher volume, but no result,
there is some support / bears are exhausted at the moment.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Nov 15 WeekHSI1!
HSI1! 2021 Nov 15 Week
Market took out temporary support 24737 before making a
recovery. 24737 again provided a long opportunity. Market should
next be trying for 26000 which is the upper end of the rotation zone.
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below resistance, and resisted, will short
Weekly: Average volume up bar closing off low = weakness. Supply is present
Daily: Narrowing of spread, and up bar closing in middle = Undecisive.
Wait for next bar for demand/supply to surface.
H: Friday's market came down on bullish volume, smart money buying as
price comes down.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Nov 08 WeekHSI1!
HSI1! 2021 Nov 08 Week
Per analysis, market has come to test the rotation area (grey box) and
found 24737 as temporary support, could be a long opportunity
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below resistance, and resisted, will short
Weekly: Average volume down bar closing on low = weakness
Daily: Exit of downtrend line on strong bullish volume.
Tested previous rotation zone, market may be presenting a long opportunity.
H: Friday's market came down on bullish volume, smart money buying as
price comes down.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Nov 01 WeekHSI1!
HSI1! 2021 Nov 01 Week
Market was resisted at 26227 and theme of the week was short. No sign of
strength yet. Probably may test previous rotation (grey area).
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below resistance, and resisted, will short
Weekly: 2 bar Bearish reversal, Average volume down bar = Weakness
Daily & H: Market came down on reduced volume, bearish momentum may be waning.
But no confirmation of strength yet.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Oct 25 Week
HSI1!
HSI1! 2021 Oct 25 Week
Weakness as price approached previous resistances.
If long, wait for price to come down on low volume and find support.
If market rotates, stay out
If market breaks resistance and turns support = long
If market breaks resistance and closes below resistance, and resisted, will short
Weekly: Average volume wide spread up bar closing off high = weakness
Daily: Average volume down bar, previous bar saw price rejection,
shortening of thrust = weakness
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! 2021 Oct 18 WeekHSI1!
HSI1! 2021 Oct 18 Week
With strength in the background, preference will be
to long when price comes down to test the levels and finds
acceptance.
Weekly: Average volume up bar closing on high = strength.
Daily: High volume up bar closing on high = Strength.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI1! HK33HKD 2021 Oct 11 WeekHSI1!
HSI1! HK33HKD 2021 Oct 11 Week
Weekly: Wide spread up bar closing at high, volume is low = no demand. Weakness TBC
Daily: High volume up bar closing on high = Strength.
H3: Narrow spread as price approached top of range. Could be trapping longs if
rotation is not over yet.
Entry will be based off the price reaction to these levels
Short on Test and Reject) | Long on Test and Accept
Have a sane trading week for Hang Seng : )
HSI MFI hit oversoldMFI hit oversold and now there's a gap above and a gap below. What's that mean? WHIPSAW, lol.
Closing my BABA puts this morning.
HSI1! 2021 Oct 04 WeekHSI1!
HSI1! 2021 Oct 04 Week
Weekly: Average spread up bar closing near high, we see some strength returned.
Daily: Market temporarily resisted at 24620-24680. The narrow spreads on 01 Oct
due to start of the China holiday week.
H3: Higher lows observed. Bar A effort with little result = temporary weakness.
As price converges at the recent highs, wait for entry opportunity on signs of
strength.
Strategy for Short (Test and Reject)
Strategy for Long (Test and Support)
Entry will be based off the price reaction to these levels
Have a sane trading week for Hang Seng : )
HSI1! 2021 Sep 27 WeekHSI1!
HSI1! 2021 Sep 27 Week
Rejection at about 24587, the 50% of the Feb 2016 - Jan 2018 uptrend provided short opportunity, besides rejection at previous H3 UHV bar high 24718.
Weekly: Down bar closing off low, a little demand, but no signs of strength. Weakness expected to continue.
Daily: Weakness. The last 2nd and 3rd bar appeared as bearish reversal, last bar is down bar closing at low.
H3: The most recent UHV bar A, buying effort but spread was narrow and market fell informed us of weakness.
Strategy for Short (Test and Reject)
Strategy for Long (Test and Support)
Entry will be based off the price reaction to these levels
Have a sane trading week for Hang Seng : )
HSI UpdateWeekend gap filled, but there's 2 below.
Tempting to short Chinese ADRs again, maybe with next week's puts
HSI UpdateIndicators are neutral but with the way the Chinese govt has been hammering businesses and coming up with new regs every weekend, I think it's probably gonna cycle to a new low instead of getting a bounce Monday.
Could go either way, no way to predict the Chinese govt. Short again when MFI gets overbought though, this isn't going to set a new high in the next decade, lol
HSI1! 2021 Sep 20 Week
HSI1!
HSI1! 2021 Sep 20 Week
Weakness played out last week and market was supported at about 24587, this is the 50% of the Feb 2016 - Jan 2018 uptrend.
If there is a breakdown and this becomes resistance, market would see more down side.
The last up move from 20 Aug - 08 Sep took more days and volume than the one before it while we see more ease of downward
movement.
Weekly: Wide spread down bar closing off low net change from previous down bar is narrow = some demand
Daily: Up bar closing off high = weakness
H3: The last wide spread UHV up bar is SOW. Market exited down channel. Will its demand line become resistance or will price
attempt to re-enter the channel?
Strategy for Short (Test and Reject)
Strategy for Long (Test and Support)
Entry will be based off the price reaction to these levels:
Have a sane trading week for Hang Seng : )
