Hang Seng Tech opens air pocket below 4,620Hong Kong Tech Index CFDFOREXCOM:HSTECHFOREXcomDownside risk flagged earlier this week in Hang Seng Tech has materialised, with the price breaking below support at 4,620. While that opens the door for a potential move towards the April low at 4,250, it's worth waiting to see how the break holds up during the Asian session when liquidity and participation are far greater. The preference remains to see a backtest and rejection of former support before considering shorts, allowing for a tight stop above the level for protection. The false break seen earlier this month only reinforces the need for confirmation. Momentum indicators continue to favour shorts over longs, suggesting the path of least resistance remains lower. Good luck! DS