Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Chief Macro Strategist
Technical Analyst, Saxo Bank
Hang Seng Index is range bound between 19,178 and 20,283. A breakout is needed for direction. Break out to the downside Hang Se4ng is likely to test March lows at 18,235.
Breakout to the upside Hang Seng is likely to see a move to 21.000 and a test the falling (black) trendline.