16th May 2021 週末睇真 d ~ HSI cash index status quo

 

Quarterly :  Inside bar / an important cycle due 

Monthly : slightly bearish domination with downside support at 258

Weekly : Downward channel formed bearish  ( target  261/ 256 )

Last week , we have a [ out - break ]  triangle with just a little increase in Open interest , both downside channel formed and positional trader are turning market bearish for the moment

So if Dow's rebound is limited & remain / turn to bearish again , HSI index should become more bearish without any purpose of strong rebound

Therefore upside limit should be 288 where the whole overlapping zone seen within  March & April

Last Gann's 1929 forecast turn day 10th May create a Top & turn down the index for us , coming T day would be 16th May / 20th May respectively  

Trading can be hazardous to heath , take it easy 

Yam