Seeing $HSI continuing its downward trend, currently at 23768.52 (-0.65% today). The persistent regulatory uncertainty and property sector concerns seem to be weighing heavily. Is 23500 the next level we're likely to test? I'm not seeing strong domestic catalysts to reverse this in the near term.
I'm with you on this. 23500 seems like a very real possibility if we don't get some positive news soon. The property sector issues are a massive overhang.
While 23500 is a key psychological level, I'm not so sure it's a straight shot down. There's usually some technical support or bounce around these points, even if temporary. Are you factoring in any potential short covering?
It's hard to be optimistic about HSI right now. Every piece of news seems to lean negative. What would even constitute a 'strong domestic catalyst' at this point, beyond a major policy shift?