Hong Kong’s Hang Seng Index fall below 20000 confirms the earlier primary down-trend signaled by 63-day Twiggs Momentum reversal below zero. Expect a rally to test the new resistance level at 20000. Respect would indicate a decline to 17500. Recovery above 20000 is unlikely but would warn of a bear trap.
Dow Jones Shanghai Index is more resilient, respecting the rising trendline and with 63-day Twiggs Momentum above zero. Breakout above 310 would signal a primary up-trend, but penetration of the rising trendline would test primary support at 275.
* Target calculation: 310 + ( 310 – 280 ) = 340; 280 – ( 310 – 280 ) = 250
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