After my last post yesterday, DJ did not encounter the nx dip and started to recover, but the index dip back near the lows near closing hours...intra day wise, range bound, bears were not in control as there were no nx dip to break my trigger point.
Short term wise, bull is getting weaker and a rally have to come soon to salvage the bulls. Mid term wise it is still bearish.
This applies to both HSI and Nikkei.
Conclusion, remain cautious, downside prob remains high.
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