The Long Investor
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HSI
🕑 Added 2025-01-13 10:51:17 +0000 UTCHSI has pulled back to the 200 Day MA now and finished the session today above this level.
This needs to be said over and over: Testing lower Fib support levels or MA's does not mean that a structure becomes invalid.
The HSI has pulled back since Sept now, it is due a bounce or a reversal but we need to see support held first.
What we have seen over the last 12 months is that when the US has pulled back like in April/May and in August, the HSI moves in the opposite direction and in a strong move too.
So let's see if the HSI behaves this way if the US market pulls back this week.
For now, the Chinese ADRs I believe are still at the mercy of the HSI and will hold and/or reverse when the index does.
