hsi : critical supporting point at 22824

HSI : Critical Supporting Point at 22824*


Monthly Cycle Pivot Center : 23420 - 24614 - 25331
 Normal Lower Limits : 20362 - 21162 - 22067
Normal Upper Limits : 26479 - 28066 - 28594

Weekly Cycle Pivot Centers : (24717) - (25489) - (26255)
Normal Lower Limits : 21584 - 22745 - 23345
Normal Upper Limits : 27850 - 28233 - 29165



Directional Indicator : 22824* - [23372] - 23420 - 23611* - 24456* - 24614 -  (24717) - 25331 - [25426] - (25489) -  (26255) - [26379] -

Significant Supporting Levels are 22824* - [23372] - 23420.


Remarks : As shown in the monthly cycle charts the market is under pressure when it is below 22910. Speculative selling pressure will increase when the market downward trending momentum is strong enough to penetrate through 22824*. The weekly cycle normal lower limits at 21584 - 22745 will serve as short term supporting levels.

Mid-Point References : [20151] - 20420* - 20515* - 21891 - [22405] - 22630* - 22888 - (23150) - 23699 - [24117] -(24117) - (24800)

Significant Supporting Levels are [20151] - 20420* - 21891 .

(The positions between the limits and the pivot centers are defined as mid-point references)