Sunday, 25 October 2015

Hang Seng at trend line resistance

Weekly chart. Crucially, includes all sessions trade through to the end of last week. The Hang Seng rallied to trend line resistance, at the underside of the channel which captured much of the market's action over the past year.  I see no reason to change my long held Elliott Wave count.

Daily chart gives a clearer view of that channel.

Other stock indexes around the world are also at or near key trend line resistance levels. I posted charts today for ASX 200S&P 500Nikkei, and the EURO STOXX 50 index.

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