The divergence is the most interesting signal to me. Nasdaq and silver still show weaker technical structures, while the Hang Seng is attempting to stabilise and WTI has regained momentum. Gold is somewhere in between, with the US$3,974–3,984 area looking particularly important.

For equities, I would watch whether Nasdaq can start forming higher lows rather than trying to predict the exact bottom. For commodities, WTI looks stronger technically, but being close to its longer-term descending trendline makes the next breakout or rejection especially important.

Overall, I would rather wait for confirmation through a breakout and successful retest than buy simply because an asset has reached support. Support is only meaningful if buyers actually defend it.

# Xiaohu Hotspot Radar

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet