Yesterday (8th), bearish big players completely controlled the situation, pushing the Hang Seng Index down to 23,737, resulting in all bull warrants in the heavily concentrated zone of 23,800-23,899 being forcibly liquidated. The global investment climate has further deteriorated, and the Hong Kong stock market also has its own bearish factors, which naturally favors bearish big players to continue their offensive. With the weekend approaching, unless significant new positive news emerges, bulls will likely find it difficult to immediately regain market control and create a bullish \u201Ctwo-day reversal\u201D phenomenon. Moreover, considering that all three index futures have been unable to rise above their big players\u2019 weighted average opening levels since the beginning of this month, the outlook for the remainder of the month before the 15th remains unoptimistic, and bulls should continue to retreat more. The current heavily concentrated zone for Hang Seng Index bull warrants is located at 23,600-23,699, with a total of 34 bull warrants; if the Hang Seng Index is pushed down to 23,600 by bearish big players, a total of 51 bull warrants will be forcibly redeemed, generating a selling pressure equivalent to 1,849 Hang Seng Index futures short positions. \u3000Chief Consultant of Economic Information and Trading Information, Leung Yip Ho\u300B (Website: www.BennyLeung.com)
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