Hang Seng Slightly Boosted By Passed Infrastructure Bill

The Hang Seng Index (HSI) Futures trading up at about 0.2% while the market is slightly pressured by the absorption behavior above the swing highs on the hourly periodicity. The market might be boosted by the record highs in the U.S markets as the massive infrastructure plan passed by the US Senate. The PBoC will maintain the stability of its monetary policy, according to the reports while China Evergrande Group planned to sell its assets which might pressure the index. Prior VWAP close level was supportive while QDVAL is the next line of support and buyers may be targeting the Quarterly DWAP or the upper distribution before the drop happens.

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