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 is range bound between 20,284 and 19,515. If closing above upper band a move to around 21,000 is likely. 55 and 100 SMA’s will provide some resistance.
If close below support at 19,515 there is some support at around 19,178 but March lows around 18,235 could be tested.