Reiterating a bearish view on HSI. Looking at candles and wanted to point out a few bearish instances I have noticed. With markets more globalized and intertwined than ever, I see no way SPX DJI NDX IXIC hold up if Asia tanks... which is why I'm short SPY DE TSLA IWM and long UVXY (all with options, of course).
$SPY average trade size picked up in wks 2 & 3 of February leading to weakening in the S&P 500. Now churning between $213.40 resistance & $207 - 208 support. I would expect much churn back and forth ahead of FED rate (possible tightening) announcements. Likely distribution for many months up here.