Should we expect a bearish trend on CHN50?

Past performance is not an indicator of future results.
The breakout of CHN50 through the 16482.0000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of CHN50 to test 16232.0000 within the next 23 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.