$SPX - Overbought on Weekly

SPX looks overextended and is overbought on weekly charts. A correction is likely underway. Probably SPX will see significant declines this week and particularily next week to start with and eventually testing the 50 week average again. Weekly

$HSI - Hong Kong Bear Market Update

The Hang Seng has lost about 50% since the bear market call made in 2021. Once China took over control of Hong Kong any advantages of that capitalist system ceased to exist. The bear market should make a lower low soon with bounce to follow. Monthly

XBI - Biotech Bear Flag

XBI has developed a bear flag and this is potentially quite a bearish development in the chart. It is starting to see some weakness and may see a deeper selloff soon. Daily