I was wondering why we haven't seen continuation in recent days and it's just basically been consolidating sideways (not a bad thing either).
Appears it's behaving similar to this time last yr before half yearlies.
My bias is similar will occur towards end of Feb.
As mentioned in an earlier post HengSeng is still leading markets lower. BUT expect a hard reversal once this multi-yr triangle has completed. I think this is where we'll see the first signs of a pop higher across all indices.
I do note the move lower has been impulsive and has yet to show signs of being a corrective move. Would be more confident in the bounce if we see more of a corrective price action aka zigzags etc.
(20min delay)