Long Term Trend (36 Months): Negative
Monday’s Settlement: (ASIA): 20,629.39
UPDATE: As we stated for the last seven weeks, “If U.S. Equities correct lower, HS will back off”. The same is true on the upside. U.S. stocks rallied the last two weeks, and the Chinese market followed.
No Change: Big picture remains the same- plenty of overhead exists as the HS remains extremely bearish.