 Hello and welcome to the Chart of the Week video with me, David Madden. Today's date is Thursday, the 11th of October, 2018, and the time has just gone 12 o'clock for the summer time. This week's Chart of the Week is the Hang Seng, or as we call it on our platform, the Hong Kong 50. The big picture is that the market has been broadly moving lower throughout 2018, and if you take a bit of a closer look, we can see that since about May, the Hang Seng has been a classic example of the downward trend, a series of lower lows and lower highs. In fact, today it actually fell back to a level not seen since May 2017, so give the indication of how bearish sentiment is on the predicted market. Taking a look at the MACD indicator, the MACD histogram down here, we can see that as the markets are pushing lower, there's been a steady increase in negative momentum. So the MACD indicator confirms the downward move that we're seeing on the market itself. Essentially, the momentum is with the sellers at the moment. If you do continue to drive lower from here, we could look at taking out 25,000, and if you go south of 25,000, the next level to keep on that for will be this area here, which comes to play at 24,334, like I was saying, it's a level not seen since the early May 2017. If you do see any kind of pushes higher in the market, resistance may come into play in around this area here, 27,000, it's a big psychological number, so it could be an area of potential resistance. Notice how we have a series of lower lows and lower highs, so if you do have another size of a bounce back, 27,000 could be an area potentially of resistance. If you do head above north of 27,000, the next area to keep on that for will be this area here, the late high of September, which comes to play just north of 28,000, 28,030, that was the September high, and if you go beyond that, we could be looking at it up towards the August high, which comes to play at 28,583, and if you take off that, then the entire kind of recent downward trend could then be going to cause an index iteration, and if you go north of that, of the August high, we could really get back to the July high, which comes to play just north of 29,500, sorry, 29,053, if you are going to be trading the Hangsang, please keep in mind overnight China have trade figures out, and this is going to be important because there's obviously quite a negative trading relationship between the US and China at the moment. Is there any indication that China continues to widen or President Trump feels that China continues to take advantage of the current trading relations that they have? We could have additional fears about potentially new tariffs being announced from President Trump. Before I go, if you have any comments to make on this video or any of the other videos we've made here at CMC Markets, please feel free to leave a review on good reviews, and that's all for me this week. Thank you very much.