Long Term Trend (36 Months): Positive
Wednesday’s Close: (ASIA): 24,593.74
UPDATE: Five months ago the HS traded up to 24,450. At that time we highlighted: “24,890 represents resistance and the high posted two weeks prior to that might represent the highest the Index trades for some time”.
Subsequently, that region held and to- date, prices remain under that region, but appear ready to violate that point. If the U.S. market (SPX) does not fail as a double top, HS can move toward 25,400.00.