HUI Weekly Channel

Here is the blown up view (again, no pun intended) of weekly HUI.  I have added a downtrend channel (intersecting the 110 area, +/-) for a view of where a bounce could materialize.


If that were to fail, we’d likely get 100 sooner rather than later.  The sector is deeply over sold on a daily basis but not yet as over sold as it became in early 2013 at the bottom of the first crash phase.

We could have a bounce to relieve over sold or go straight to 100 +/-, which could be a climactic event.  Just spit balling here to give you some perspective on different scenarios.  But there is a channel line just below.