Hang Seng Tech futures - 25 February 2025

You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.

Hang Seng Tech - 20 week cycle still rising, counter-trend 40 day cycle trough due.

Weekly: Hang Seng Tech is rising out of a 40 week cycle trough in mid January - the status of this cycle is up, so we expect late peaks and shallow troughs. The next 20 week cycle peak is due around the first week in April. It is difficult using cycle tools here to call a target level, but there is a long internal trend-line going back to November 2022 at around 6,300 and in Elliott wave terms this will mark the wave 5 up of the impulse move out of the 40 week cycle trough. It could very well be a bit frothy and thus push a little higher.