What is happening in the Markets - Approaching seasonal dates - part 2 (updated)
#166 Reviewing the US Indices and Hang Seng Index (updated)
Introduction
* This is an update to yesterday’s weekly post (beyond the paywall) for our premium subscribers. I updated the charts and commentary to improve clarity and readability. All changes are highlighted with a block quote.
We are approaching another seasonal date: Chinese New Year. In reviewing the Hang Seng Index (HSI), I noticed that around this yearly date the HSI often reversed trend as you can see in the below chart.
You can also see that the Hang Seng Index is approaching a 15-year cycle low around the Chinese New Year on February 10th, 2024. After a first rebound around this date, the index could travel to an even lower low, as past examples show. Note the 3-year cycle as well.
As mentioned last week, based on this chart, I would not be surprised if the US Indices continue their uptrend until 180 degrees from July/August 2023 Top to January 29th, 2024 or even to the Chinese New Year date.
The premium subscribers can read the below article and evaluate the Planetary Mass Pressure Index I made for the HSI.*
In this weekly update for our premium subscribers(beyond the paywall), we will be covering the US Indices(DJIA, SPX, Nasdaq Composite & Nasdaq 100 Index), Hang Seng Index, and I have updated the Gann Master Cycle charts on the DJIA & SPX.
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This analysis is intended for general informational & educational purposes only. Hypothetical or simulated performance based on past cycles has many limitations. Cycles can contract, extend, and invert. Anomalies can occur. Hence, past performance is no guarantee for the future. No advice. Please take a look at our full disclaimer.