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HSI1! trade ideas

Coming Down NicelyAfter the Buying Climax on 7th of July, brief distribution was carried out between 25950-26250. Today saw a gap down and a selloff to first of the 4 unfilled gaps below which is acting as a support for time being. Key resistance above now is 25850-950. Move down so far appears to be in a channel formation. Major chunk of distribution took place between 24500-300 since the low in March. Gap through that will signal the start of a markdown and accelerated move towards 20k and below. Regards
HKEX:HSI1!Short
by Dec0der
4
Buying Climax and a Top? Zigzagged with huge volume(see above) at the open, took out the stops above the very important level marked in Yesterday's post and has since been on the decline. We will know for sure in next few sessions but there is a good chance that Today marks the start of a significant decline which will take HSI to 20k and below if my analysis of distribution near the 24k level are correct. First significant support is the gap at 25250-500. It can get real ugly in no time so trade carefully.
HKEX:HSI1!Short
by Dec0der
Update: SELL SELL SELL!!! More on the post earlier Today. HSI now has rallied beyond the point which i have marked for few weeks as the potential turning point. We may see brief distribution between 25950-26250 for couple of sessions and then move lower. I am to remain short until it breaks above 26800. I am of a view that the rally so far this month after the passing of controversial security law is to trap the investors who were on the sidelines waiting to see how the market perceives the new law. There is 10 weeks of distribution near 24k. If it reverses, 20k may come in no time.
HKEX:HSI1!Short
by Dec0der
2
Breaking up with HUGE VolumeToday saw a huge surge in volume in the morning hour. Double the usual. Next few days are critical. From a bullish POV, HSI is now breaking out of a 10 week range with a high volume but to predict whether it truly is a break to the top or a trap, it is important to know what happened within the range and how the market approached the breakout. To my understanding, it was distribution(as i have been pointing out in my previous posts) and there is very little left in it. 2 possible scenarios to top out are as drawn on the chart. Triangle(Blue). Ending Diagonal(Orange). Regards
HKEX:HSI1!Short
by Dec0der
Low Volume Consolidation and a break up.As updated on 16th, selloff last week from 25255 seemed uncharacteristic of a markdown. Gaps were quickly being filled and volume in the morning hour on 3 days following the top showed minimum enthusiasm from either side. Too early to call but low volume consolidation may mean a developing triangle. I am seeing something along the lines drawn at the chart. Keep an eye on S&P. It may coincide with S&P filling the gap from Feb or making new ATH. If wrong, selloff should start in next couple of days. If so, refer to post "HSI Update" on Jun 13th for the anticipated path. Regards
HKEX:HSI1!
by Dec0der
HSI UpdateTop did come albeit 2 days late, important or not, we will know in next few days. Ideally, i would like to hv seen more distribution between 25k-26k but as pointed out in previous posts, there was high volume selling in the last move up from 22400 so it was bound to run out of gas real soon. Pullbacks should be capped below 24500. Definitely dont want to see 24800 tested anytime soon. 22900-22400 will be key and if the markdown has started, this area needs to be quickly overcome perhaps with an acceleration gap. I am not of a view that it is the start of deflationary crash as many expect and fear. NOT YET at least. Refer to my 23 May post, "Markdown or Shakeout?" linked below. Quickly down to 20k and back to 25k-26k :D. One can dream.
HKEX:HSI1!Short
by Dec0der
The Honey Badger Market: $HSI1 time to take money off the tableThe last time I did a chart series was in mid-Mar warning of a bounce in the markets. Since then, markets have been on a tear and behaving somewhat like a honey badger, it doesn't care if there are still 1,000 daily Covid-19 deaths in the US, race riots and Trump reigniting the Sino-US trade wars. Maybe markets are optimistic there are only 5 more months of Trump-induced madness and you never bet against an election year and a Fed with a printing press. Perhaps, maybe, if, but I prefer to let the weight of the evidence influence my course of action. So here goes...the Honey Badger Market chart fest!
HKEX:HSI1!Short
by WellTrainedMonkey
Important TOP just ahead. Didn't get the pullback before run for new highs as anticipated in the last analysis but on the flip side it means very little left to distribute. A pullback would have meant more to distribute above but now it looks like a quick up and back down. We have 7 weeks of distribution mainly between 23750 - 24250(See previous posts) Without volume, the last few days may seem like a start of a strong uptrend but zoom in and it appears very much like a SL hunt. Trends can't start without first accumulation/distribution and i see very little accumulation below for it to keep going for long. Initial plan was to go short at 25300-500 but not sure if we will get there so i will look for reversal signs as soon as it gets above 24800. Target 20500 - 20000. Some news will follow real soon as always but markets only move when those who control them are ready to move.
HKEX:HSI1!Short
by Dec0der
Interesting Monday ahead All set for a very interesting Monday's opening. Channel support held on for whole week while the sellers kept up the pressure and are now just above the accumulation zone. Gap up will trap the sellers and may not fill in near term with price quickly marching towards 25k. Gap down will open the door towards first the gap at 21882 and then towards march low at 20968. If Monday opens near the current prices then watch out for trap(First move usually being a trap) Volume was high whenever price came back in the accumulation zone which is often the case prior to a significant move. Short term = Neutral, Medium Term = Bullish, Long Term = Bearish.
HKEX:HSI1!
by Dec0der
Markdown or shakeout? Markets are controlled by very few. They manipulate as they please. They own everything. banks, hedge funds, media, governments. They are the culprits behind social unrest, Wars, Pandemics. No new law is passed without their approval. They have mastered the art of deceiving the masses and they are looking to further enslave the common. Big changes are on the way for which they will create global chaos the likes never seen before by mankind. Many things will be blamed as reasons. Do what they may but a Supreme power watches. Tyrants days are numbered.
HKEX:HSI1!
by Dec0der