Wednesday, 25 March 2015
As per my tweet earlier today, I have been bearish the [big picture for the] Hang Seng for some time, but its refusal to go down has me starting to consider alternate bullish scenarios. Today's high appears important, with the market testing dual parallel trend line resistance. Above that high, another test of the 25000 region would appear inevitable. Decisively above 25000 would be long term bullish, negating the bearish big picture view I have described many times in recent months. Let's see. Right now, with a short term view, I'm looking to get short on weakness, but fully prepared to turn on a dime.