Hamilton's E-Wave Analysis

HSI

Stockcharts does not input data from overseas markets in real time; it is done the next day and as a result the charts are only available the next day. Today the markets are closed in HK and the charts below are of April the 8th.

The wedge is complete. There is a pretty big throw-over which, given the second gap beneath it, suggests we may get island reversal – that is once you are on the island you will not be able to get off without a loss which forces you to stay longer than is advisable. Time will tell.

PS We are up another 700 points after almost hitting 28000 which is worrisome for our outlook.