The Hong Kong HSI index led the festivities of hope off the unsustainable lows of last winter. It has now retraced 38% of the decline, a minimum Fib level. It will be interesting to see whether MACD can give a monthly signal. If so, we tune in a big picture view that must allow for the bullish case. And this being a leader, we also wonder whether this has supportive implications for the rest of world, including the late, great USA.Monthly signals however, can be slow in coming. I just thought this chart was interesting.
