HSI Hong Kong Hang Seng Index Weekly Chart Collapses to June 2013 Lows Bear Market Downward-Sloping Channel Positive Divergence

The HSI peaked at 28700 in April of last year. The -10 correction territory began at 25830 in July. The -20% bear market is under 22960. Boom. Price is at 20454 well under. The bear is growling. The Hang Seng is now at levels not seen since June 2013 about 2-12 years ago. All those folks that were chasing their hopes and dreams in the stock market since 2012 have nothing to show for it except their heads on a platter. Most have lost money. The professional traders did not. Every stock and index needs a bagholder and all the sucka's showed up during late 2014 and early last year to hold said bag.

A bounce should occur in this weekly time frame due to the positive divergence green lines. So price may try to stabilize at the current levels. The pink box paints a dire picture, however. When the ADX moved above 24-ish you knew the downward move was a very strong trend. You would have made a killing jumping in short. With the ADX at 37, the downward trend in price remains very strong and would be expected to continue. The strong trend lower will not officially end until the ADX falls under 30-ish. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.