Auguraltrader

China ETF GXC suprising outcome

AMEX:GXC   SPDR S&P China ETF
Previously, GXC appeared to be coiling to launch a break out... it appears to have done so, but at a higher level .

Weekly technicals appear better suited for a impending breakout, Daily technicals are not yet ready and baking...

Still in the radar, but overall sense is that China (and Chinese equities) will take off. We are still in early days, but imminent. Only time will tell...

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