Long Term Trend (36 Months): Negative
Friday’s Settlement: (ASIA): 19,852.20
UPDATE: As we stated for the last seven weeks, “If U.S. Equities correct lower, HS will back off”.
Currently the U.S. Stock upside momentum is stalling, and the HS is near its lowest level in twelve weeks – see chart.
No Change: Big picture remains the same- plenty of overhead exists as the HS remains extremely bearish.