Dovetailing with Monday’s Shanghai chart in the newsletter, check out the Hong Kong ETF. Are you a buyer or seller and why?

I cannot dispense actual trading advice right here but let’s list the evidence:

  1. Resistance breakout failure
  2. Divergence in On-balance volume
  3. Broken trend line
  4. Downside breakaway gap

Look at RSI (divergence), relative performance (lagging) and MACD (crossover), too.