HSI

Stockcharts does not input data from overseas markets in real time; it is done the next day and as a result the charts are only available the next day. Today the markets are closed in HK and the charts below are of April the 8th.

hsi apr 9 2015 bHSI april 9 2015 s

The wedge is complete. There is a pretty big throw-over which, given the second gap beneath it, suggests we may get an island reversal – that is once you are on the island you will not be able to get off without a loss which forces you to stay longer than is advisable. Time will tell.

PS We are up another 700 points after almost hitting 28000 which is worrisome for our outlook.