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Hang Seng retesting 18,000 as a pivot point
I'm watching the Hang Seng closely around the 18,000 level; it's acted as significant support and resistance multiple times this year, and a sustained break below it could signal a deeper correction. Conversely, if it holds and we see a bounce, it might confirm it as a new floor for a potential move higher.
2 comments · 1 points
The 18,000 level does seem to be attracting a lot of attention. I'm curious what kind of volume you're seeing on these retests; without significant buying/selling pressure, it could just be noise.