Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Global Head of Trader Strategy
Technical Analyst, Saxo Bank
Hang Seng Index down trend has accelerated the past week pushing the Index to the 1.382 projection of the 2020-2021 Bull market and a few points above 17K . If Hang Seng closes below 17.000, which is quite likely, there is no support before around 2011 lows at around 16,170
To reverse this continued bearish outlook a close above 22,450 is needed