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samitrading
Dec 10, 2023 10:14 AM

The SSE Composite is looking for a generational trough lands  

SSE Composite IndexSSE

Description

It's looking for a trough in weeks/months for a big bounce up. One final leg down on "Weekly" to wrap things up.! Time + Structure is key here. Seasonality is bullish till May, but structurally looks like another low.! Or this analysis is basically wrong.!

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Monthly perspective vs weekly up.!

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Zoom in, 2 false break downs.!

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This needs to hold up for BABA to go up.!

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We have already broken : (Not good for NIO + BABA)
1/ Triangle.
2/ Channel
3/ Trend lines

Good news, is that we are in oversold territory.! ( Good for NIO & BABA)

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Technically a dream land for the Bulls, fundamentally something else.!

- Ever probable, applicable & else absolute.!

1/ Textbook 5 waves down + Seasonality Vs Fundamentals + Geopolitical issues
2/ Weekly RSI Diver .!
SSEC vs SPX.!

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W1 is (-14%) VS 9-14%) W5

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- Ever probable, applicable & else absolute.!

1/ Unless WW 3 starts, we start 1929 recession, geopolitical issues arise and we totally stop rhythming with the past + 40 Years or so since 1992-2023 we are having a major trough a "Generational" one.

2/ With a risk down of (-3%)-(-7%) from this week till April of 2024 .!

3/ I am using SPX/SSEC'S MACD highest reading, represented here with Blue lines.!

4/ 8 signals out there since 1992 .!

5/ The move is between +39% up to +300% with in 15 weeks or 129 Days.!



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Vortex Indicator's MACD is suggesting that we are in the final stages of this move, with a (-4%)(-5%) (-9%) risk down.! We are in the process of "Trough Making".!

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Vortex Indicator's MACD "V-" is suggesting that we are in the final stages of this move, with a (-4%)- (-13%) risk down.! We are in the process of "Trough Making".!

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- Regular MACD'S Divergence with price has an outstanding bullish moves, ranging between +15% up to 485% if and only if we hold this divergence.!

- August 2013 is quite strong fractal.!

- If ever probable, applicable & all else absolute.!

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Monthly RSI @ 38 if and only if applicable, probable and all else absolute has a "Trough Making " in progress structure. With down risk in RED and Bullish moves are in Green.

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Closest fractal is this on Monthly which was followed by a +36% Bullish move then major lower low .! 2002-2003 .!

- If and only if applicable, probable and all else absolute

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Could not fit both in one idea.! "Present"

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2002-2003


2023

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Is it a "Trough making " in progress ?

Or this time it's different and we crash big time.!

Technical analysis vs Geopolitical + fundamentals

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For BABA and NIO holders...

As time passes #4 & # 2 :
1/ Similar RSI. 2/ Similar wave structs 3 troughs(Thus far).
3/ -24 & -41% are also one of the differences.!
4/ SM Averages are the in total different positions .!

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RSI OF RSI is still hanging on it's diver, will it be invalidated or no yet to be "Observed"

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*** If and only if applicable, probable and all else absolute ***

The RSI on Monthly is entering a historic buying area a "Generational one". The next (-10%) -(-25%) in Q1 +Q2 of 2024 is the max risk if we rhythm or this TA is basically wrong & Geopolitics runs the show .!

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Up dating a previous idea... Entering risk box soon or not ?

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SPX/SSEC

Up dating our MACD'S High readings study:

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*** If and only if applicable, probable and all else absolute ***
January- March of 2024 is a major trough land for the SSEC, or not and this MACD'S analysis is wrong.!

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Same idea on a weekly chart...

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Updating 230 Monthly SMA...

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Will we gap down or not in February ? To make one big "Bear tap" .!

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RSI'S Readings VS Percentage decline from last major top .!

- Or its a different move this time around.!
- Ever probable, applicable and all else absolute.!

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Updating...

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Some observations, food for thought .! Divers between EEM and SSEC .!

- BABA and NIO holders ....

- Big moves were missed big time.!
- Not clear to me how to use these so called related instruments together.!

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Correlation between EEM/SSEC and BABA.!

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Updating with RSI + MACD

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EEM'S ETF is printing the lowest RSI reading with the highest trough out there .!

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RED Circles:

- 2015 BABA leads by 6 Months
- 2019 BABA leads by 15 Months
- 2023 BABA leads by 15 Months ( Or we get a bull's trap.!) "False signal .!

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Updating..
One signal is out of service .! These divers, in the past, resulted in +24% Bullish move.!

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1st major support area has been achieved.!

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Updating...
We have exceeded one of our bearish targets already.!

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Updating...
Our risk model for BABA + NIO holders is 2ed to July of 1994, with 20% bearish steam in it within 60-90 Days if ever applicable, probable and all else absolute.!

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Updating the Monthly's RSI...
Past...





Present with risk down off (-8%) in 60 Days.
- If ever applicable, probable and all else absolute.!

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The big difference here for BABA and NIO holders is we are printing this at a higher price .!

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EEM is printing a rare signal as such on the chart.!

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This is the complete opposite of the previous idea.!

Comments
Caroline86875
Interesting. Thanks for posting.
samitrading
@Caroline86875, Thanks buddy, glad you like it. Wish you the best.
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