1
Hang Seng looking interesting around 18k, but for how long?
Been watching the Hang Seng ($HSI) pretty closely over the last few sessions, and that 18,000 level feels like a critical pivot point. We saw a decent bounce off it earlier, which makes me think there's some underlying support there from previous structures. If we can hold above that for another day or two, it could set up for a retest of the 18,500-18,600 area, but a decisive close below 17,900 would completely invalidate that idea for me and suggest further downside is more likely.
2 comments · 1 points
That's a good point about 18k being a critical pivot. I'm curious if you're seeing any specific catalyst that might give it the push to hold, or if it's purely a technical read at this stage.