HSI is approaching our first resistance at 29868.4 (100% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal overlap resistance) where a strong drop might occur below this level pushing price down to our major support at 29112.4 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal pullback support). RSI is also approaching resistance where we might see a corresponding drop in price.