HSI is running below the 50 days MA, sign of weakness, the retreat was forecast last month, and it should continues through this month towards the support zones.
Wait for confirmation of engulfing red in 1 to 2 hour candle when ever index rebound back to resist levels and zones to confirm the sell trade. profit take at support levels and support zones as rebound could occur once index reach these levels.
Expect Index will retest the zone one more time before a stronger rebound in coming week.
If index break 21878 Support Zone with a close day candle, expect index drop further low towards 21600 support zone.
qlenium
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KK, do you still see the markets falling even after the presidential election? It was rather unexpected that the market would return back to the pre-election level. Cheers.
KaKeungChoi
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@qlenium, The Elites is directing the market like in my forecast for 'The Clinton winning scenario'
(Kind of like FTSE after Brexit) so wait for resist zone and see how candle react to the zone before entry!
Have to remember this! WHENEVER THE FINANCIAL NEWS SHARED to the public before event, it will be the trap they set for majority!
KaKeungChoi
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After the rebound, index continues the down trend.