HSCEI Update

The HSCEI in recent days had corrected to a level that ATEC thinks is critical.

Source: Bloomberg

As mentioned before, this is the level that will suggest to ATEC whether the market had truly embarked on a recovery trend or has yet to complete its complex and messy corrective wave.

With the earnings reporting season in motion, there is understandably a lot of uncertainty over how the recent spate of inflationary pressures will manifest. ATEC supposes we cannot tell for sure if anything is ‘priced in’ until we see the reaction to the news.

For now, our technical approach is telling us to stay low until the price action becomes clearer.

Good luck out there.