01-07-2024, 09:32 AM
When HSI falls to a certain abse level it will become data driven. HSInalready let out all the gas from it's April-May surge up.
It did an exact 50% retracement. This size of fall will retract 70% of speculative positions build up using DLCs, margins so volatility will decline
![[Image: 6Isiyrd.jpeg]](https://i.imgur.com/6Isiyrd.jpeg)
Keep track of exonmic data from china to assess the state of its economy then trade accordingly.
All times listed are Singapore Time.
Monday (01 Jul 2024)
09:45 a.m.*: China – Caixin Manufacturing PMI (Jun): expected to come in at 51.5 compared to prior reading of 51.7.
Wednesday (03 Jul 2024)
09:45 a.m.*: China – Caixin Services PMI (Jun): expected to come in at 53.4 compared to prior reading of 54.0.
*Estimated time of release
Source: Investing.com / Caixin Global
It did an exact 50% retracement. This size of fall will retract 70% of speculative positions build up using DLCs, margins so volatility will decline
![[Image: 6Isiyrd.jpeg]](https://i.imgur.com/6Isiyrd.jpeg)
Keep track of exonmic data from china to assess the state of its economy then trade accordingly.
All times listed are Singapore Time.
Monday (01 Jul 2024)
09:45 a.m.*: China – Caixin Manufacturing PMI (Jun): expected to come in at 51.5 compared to prior reading of 51.7.
Wednesday (03 Jul 2024)
09:45 a.m.*: China – Caixin Services PMI (Jun): expected to come in at 53.4 compared to prior reading of 54.0.
*Estimated time of release
Source: Investing.com / Caixin Global
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