Hang Seng Index Futures : Moving Below The 20-Day SMA Line
Hang Seng Index Futures : Moving Below The 20-Day SMA Line
The HSIF continued to trend lower yesterday, trading below the 20-day SMA line.
恒生指数昨日继续走低，交投在20日简单移动平均线下方。
It began trading at 17,746 pts. It then rose to the 17,894-pt intraday high before closing at 17,809 pts – below the 20-day SMA line.
恒生指数开盘报17446点，之后升至17894点的盘中高点，最终以17809点收盘，低于20日简单移动平均线。
At the time of writing, the index last traded at 17,774 pts during the evening session.
撰稿时，在夜间交易期间，该指数最后报17774点。
As mentioned in our previous report, the bears will have the technical advantage if the index trends below the 20-day SMA line.
正如我们在之前的报告中提到的，如果该指数走势低于20日简单移动平均线，看淡派将拥有技术优势。
The short-term moving average line is rounding lower, putting downward pressure on the index.
短期移动平均线呈向下趋势，对该指数构成压力。
The bears may attempt to test the 17,500-pt immediate support level. In a bearish setup, a bearish breakout is likely.
如果看淡派成立，熊市风险可预期，熊市突破大概率发生。
If this happens, the index may extend its correction towards the lower support level at 17,000 pts.
如果发生这种情况，该指数可能会延长回调，触及更低的支撑位17000点。
Meanwhile, the strong resistance remains intact at 18,500 pts.
与此同时，强劲的压力位在18500点仍然保持不变。
As the technical setup remains bearish, they made no change to the negative trading bias.
由于技术形态依然看淡，他们没有改变看跌交易偏见。
They noted traders are advised to hold on to the short positions initiated at the close of 30 May (18,126 pts).
他们注意到建议交易员持有于5月30日收盘(18126点)形成的开空头寸。
To mitigate the trading risks, the stop-loss is fixed at 18,500 pts.
为了减少交易风险，止损位被设定在18500点。
The nearest support stays at 17,500 pts, followed by 17,000 pts, while the first resistance is still pegged at 18,500 pts, followed by 19,000 pts.
最接近的支撑位在17500点，接下来是17000点，而第一个压力位仍然锁定在18500点，接下来是19000点。