In NFTRH 710 it was noted that HUI 240 area was a line in the sand to a more bearish near-term view. I just want to clarify that nothing is absolute in the markets or in TA.
So for functional purposes let’s refine it to last week’s lows at 235. Even there, an index can spike lower, shake you out and proceed upward. But in general, if HUI 235 (actual: 234.56) were to be lost, and stay lost, a negative marker would be in. Otherwise, I am holding some positions to see if it can bounce.