April fool month over, coming is Sell in May and go away?

by ckchoy

HSI Hang Seng index hit high on 28 Apr 2016 but started to U turn down upon following news:
Nikkei 225 Futures Plunge as BOJ Keeps Monetary Policy Unchanged

HSI is the asia leading indicator, Asia's markets including STI may follow the correction coincide with 'Sell in May and go away' effect. Investors sell shares after XD in April/May.
If 21080 can hold, it may resume its uptrend channel established since mid Feb 2016.

Journal HSI 2016/04/08 - preopen play

horizontal red, blue, green lines represent bid, last done and offer price respectively
vertical yellow line is 9.20am where is HSI matching. vertical brown line is at 9.30am where cash market open



Find trade opportunity between 9.20am to 9.30am. ie long below blue line or short above blue line.. for safe play can long below red line and short above green line.
When cash market open at 9.30am, futures level will converge to the 3 lines.
Take note that provided SSE futures market don't swing wildly.
Upon cash market open, can close position.

Wingtai - TA

For illustration purpose only
Wingtai quietly climb steadily despite bad sentiment/market pull back in between.
Broke critical 1.81 resistance.

(source : Poems Historical Chart )

Singpost - TA

For illustration purpose only
Singpost
resistances - 1.625, 1.693, 1.764, 1.828, 1.897
supports - 1.557, 1.492, 1.424, 1.353, 1.285

(source : Poems Historical Chart )

HSBC at multi year low

For illustration purpose only
HK-HSBC at multi year low