Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: HSI Leads Bear Move in Asia and more

In today’s briefing:

  • HSI Leads Bear Move in Asia

HSI Leads Bear Move in Asia

By Thomas Schroeder

  • HSI remains a top short bet from the C wave dual top at 22,500, the break below wedge support and now the bear triangulation support breach targets new lows.
  • A50 weakness is weighing on HK. HSI clear break down will lead the upcoming risk off cycle in Asia.
  • We like adding to a short on upticks with near resistance at 20,500. 19,700 is the pivot support to break below that will open the way to 18,200.

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