Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Technical Analyst, Saxo Bank
Summary: Hang Seng and China A50 have broken bullish above its falling trendlines indicating higher levels in coming weeks.
China A50 future has continued its uptrend after breaking above its falling trendline. Resistance at around 13,500 is likely to bet tested shortly.
A close above will pave the way higher. The confirmation of the Double bottom pattern is indication potential to 14K
To demolish the bullish scenario a close below 12,833.