Long Term Trend (36 Months): Positive
Friday’s Settlement: (ASIA): 23,335.59
UPDATE: In our last report we highlighted, “At this juncture the HS traded up to 24,450 this past week. 24,890 represents resistance at the up-trend line (see chart), and this week may represent the highest the Index trades for some time should that resistance point hold”.
Thus far we are on target as the HS fell nearly 1,000 points in the last five days.