Yeh, HK has poked over 50% and 61.8% is a chance.
Still, long term charts say little risk upside and a strong month end finish only adds to to the overbought status.
In fact finishing with some strength into monthend for all markets is a plus for the bears.
Being overbought and adding another month can only be a negative IMO.
A different story at a market low, but the end is nigh and any one silly enough not to see it deserves the consequences.
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