Hang Seng恒生指數

Neutral. The Hang Seng bounced about 1.3% to near 24,300 after yesterday's slide, but it's still pinned in the lower quarter of its 60-day range. My bearish lean has been right on the trend, yet a relief rally this firm argues against pressing shorts here; I'd wait to see whether 24,500 caps it or gives way.

Bearish, and I'll own that yesterday's bullish fade got run over: the Hang Seng slid about 2% to near 23,975, wiping out its four-day bounce and dropping back toward the floor of every range we track. Hong Kong remains the high-beta casualty when global yields rise and Asia de-risks — I'd need to see buyers defend this floor before calling anything other than more pressure.

The quant model still sees Hang Seng stuck in the lower half of its longer range, but I'm fading that: four straight up days have pushed it to the top of its 5-day band at ~24,470, and short-term momentum has clearly turned. Leaning bullish for the week — with the caveat that the 60-day picture remains weak, so this is a rebound to prove, not a trend yet.

Bearish on the Hang Seng: the short-term bounce has nudged it toward the top of its 5-day range, but the 20- and 60-day pictures are still sitting in the lower third — that reads like a relief rally inside a downtrend, not a turn. With regional tech sentiment fraying (Korea is getting hit hard), the bulls need more than a few green sessions to prove it.

Still leaning bearish, though with less conviction: the Hang Seng edged up to about 24,220, barely poking above the 24,200 line we flagged, while it still sits in the bottom quarter of its 60-day range. One marginal close above resistance isn't a breakout — we'd want to see it hold and build on this before calling the downtrend over.

Still leaning bearish: the Hang Seng nudged up to around 24,100, but it remains pinned in the lower fifth of its range and couldn't hold the 24,200 area it tested earlier this week. Two quiet up-days off the lows look more like short-covering than fresh demand; a decisive reclaim of 24,200 would make us rethink, but we're not there yet.