HANG SENG INDEX index sheds 381.65 points (-1.98%) as market bears take the reigns

Yesterday at a glance: HANG SENG INDEX falls 1.98% to close at 19,218 yesterday.

Bollinger Bands® shows an indication of recovery: the lower band is at 18,828, a low enough level to, generally, suggest that Hang Seng is trading below its fair value.

Overall, looking at the technical analysis landscape, it seems HANG SENG INDEX might start pointing upward in the short term.

In the meantime, negative performances are also seen in other markets, after ending yesterday's session at 7,315, ASX 200 lost 108.7 points and is trading around 7,206.3. Nasdaq is down to 13,500, losing 167.29 points, after ending the previous session around 13,667. After ending yesterday's session at 4,388.71, S&P 500 lost 23.02 points and is trading around 4,365.69.

HANG SENG INDEX has fallen back around 13.58% over the past 4 months, from a notable high of 22,700.