Hang Seng Index Futures : Drifting To a Lower Low
Hang Seng Index Futures : Drifting To a Lower Low
The HSIF staged a bearish breakout on Friday, falling to close at 17,437 pts.
上证指数周五看淡下跌，收于17437点。
RHB Retail Research (RHB) in a note today (July 22) said the index began Friday's session at 17,809 pts.
RHb零售研究（RHB）在今天的备忘录中表示，指数在周五开盘于17809点。
After touching the day's high of 17,822 pts, it moved lower throughout the session, hitting the 17,379-pt low.
在触及当日高点17822点后，指数在交易中逐渐走低，并达到17379点的低点。
It then closed at 17,437 pts (below the 17,500-pt support level).
最终以17437点的收盘价结束了交易日（低于17500点的支撑位）。
At the time of writing, the index was last traded at 17,425 pts.
截至撰写本文时，指数最后报17425点。（维持下跌态势）
The latest bearish candlestick reaffirmed that the bears are in control.
最新的k线图表明，熊市将继续主导市场。
As mentioned in our previous report, as long as the index stays below the 20-day SMA line, the bears will have the upper hand, and a bearish breakout is likely.
如我们之前的报告所提到的，只要指数保持在20日移动平均线以下，熊市将保持主导，并且将有可能出现看淡跌势。
Based on the bearish momentum, the index may pull back towards 17,000 pts, followed by 16,000 pts.
根据看淡势头，指数可能会回落至17000点，接着再跌至16000点。
If the index stages a technical rebound, the 18,000-pt level will act as the psychological resistance.
如果指数进行技术反弹，心理压力位将处于18000点。
As bearish momentum is gaining pace, they hold on to their negative trading bias.
由于看淡势头正在加快，他们将保持不利的交易倾向。
Traders should retain the short positions initiated at the close of 30 May (18,126 pts).
交易者应该继续在5月30日收盘时开空。
To manage the trading risks, the stop-loss is set at 18,500 pts.
为管理交易风险，止损点位设定在18,500点。
The immediate support is revised lower to 17,000 pts, followed by 16,000 pts, while the immediate resistance is pegged at 18,000 pts, followed by 18,500 pts.
短期支撑位下调至17000点，随后是16000点；短期压力位则被设定为18000点，其次是18500点。