HSI - 11 Oct. 2016 - Weekly Update
Index has dropped suddenly after open high this morning at 24064, a little higher than previous week at 24000 top level, very clearly, market in HK is rejection this level, but elites again will act differently, there could still be chances that Index might push up one more time during US open hours. So those that has started selling the CBBC or Bear options could lose their trade before the true turn around.
But all this ideas are really depends on how money (candle) react to these zones. so watch out and trade according to the position that the candle relate to the levels in the chart.
For Long term is sell.
Short Term still have a chance for a sharp rebound to take out the Bears before the real drop.
Index has dropped suddenly after open high this morning at 24064, a little higher than previous week at 24000 top level, very clearly, market in HK is rejection this level, but elites again will act differently, there could still be chances that Index might push up one more time during US open hours. So those that has started selling the CBBC or Bear options could lose their trade before the true turn around.
But all this ideas are really depends on how money (candle) react to these zones. so watch out and trade according to the position that the candle relate to the levels in the chart.
For Long term is sell.
Short Term still have a chance for a sharp rebound to take out the Bears before the real drop.
