April is a historically bullish month, and we just got a bullish breakout on QQQs. Record equities flowing back into the market. We just closed over previous support on QQQ, EV news on BABA earlier in the year and new ATH's being formed on the indices means there are many gaps to fill. I expect at least a fill back up to previous B leg high resistance @ 277 within the month. Personally, I also expect an impulsive V-shaped recovery for BABA. Nothing has changed with their fundamentals. They're still one of the four horsemen of China, still have the free cash flow of their gov't, still recovered steeply into a supply zone during the hedge fund liquidation, 180 to 220 in two days recovering from its lows. Daily EMAs and SMAs about to start curling back up even after the flash crash hedge fund liquidation. Very strong breakout after white wedge formed a couple days after the crash. High momentum seems to me like a bullish impulse back to its previous gap. That would be five legs, meet the second leg into next week, make an insane double bottom, & start its moves with record equities continuing to flow into the market for the month and the rotation easing while the tech sector & smaller caps start to get further bought into, also with year-record low VIX levels.
It's a different market. China is a beast, and so is BIDU. China financials are insane, they hold a massive market cap of wealth, & the SH comp literally had a v-shaped recovery through the 2010's, as everyone knows (www.tradingview.com/...SIc8-SHCOMP-PT-2025/). China has been fully open since mid-2020, part of my confidence in Tesla's record deliveries, & they are trying to get ahead on their state-led data analytics & AI projects, are prone to being bought into with high world trading sentiment, and with more opening & traveling means more acquisitions of the programs they outsource to state-funded startups (reference Kai Fu Lee).
also worth noting that ever since Hong Kong was annexed they've had an economic boom. Investors can't help but buy into what China is doing. (www.economist.com/br...ng-it-is-remaking-it)
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It's a different market. China is a beast, and so is BIDU. China financials are insane, they hold a massive market cap of wealth, & the SH comp literally had a v-shaped recovery through the 2010's, as everyone knows (www.tradingview.com/...SIc8-SHCOMP-PT-2025/). China has been fully open since mid-2020, part of my confidence in Tesla's record deliveries, & they are trying to get ahead on their state-led data analytics & AI projects, are prone to being bought into with high world trading sentiment, and with more opening & traveling means more acquisitions of the programs they outsource to state-funded startups (reference Kai Fu Lee).
also worth noting that ever since Hong Kong was annexed they've had an economic boom. Investors can't help but buy into what China is doing. (www.economist.com/br...ng-it-is-remaking-it)