HSI Weekly Review
Wave Analysis
During the previous trading week, Hong Kong Stock's index bounced off from the lower trendline but is yet to show any clear moves to the upperside. As it is right now, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) to the upperside and may see the price break above the upper trendline. On the flipside, only a clear breakout below the lower trendline will push the price much lower.
Trade Recommendations:
We're buyers towards the upper trendline.
CAC40 Weekly Review
Wave Analysis
Last week, CAC40 sustained itself above the zone 6282,1-6179.9. While the price remains above this zone, I expect nothing but a possible momentum much higher. On this chart, we expect a possible extension of the last impulsive wave (v) to the upperside and may see the price break beyond 7000.90 and may extend much higher. On this chart, I recommend you keep looking for a possible long term buy positions.
Trade Recommendations:
We're buyers towards 7000.90.
SPX500 Weekly Review
Wave Analysis
Last week, we saw a surge to the lowerside but the price could not hit the lower trendline. If the price continues to the lowerside, then we expect it to hit the lower trendline. If the price breaks below the lower trendline, then further momentum to the lowerside is expected. On this chart, I expect sellers to take full control towards the lower trendline. If the price bounces off from this trendline, then this will be the best place to consider a possible buy position.
Trade Recomendations:
We're sellers towards the lower trendline.
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