Shanghai Composite had very strong performances in the past few trading days. The monthly RSI is above 60 and the highest since 2015. It is about to break ABOVE 2019 high which is very significant.
Is China telling us something about the capital inflow?
Very intriguing. Everytime China is heading into bull market, never ever neglect this information. As we can see in 2007 and 2015. Are we heading into a bull market that will top in 2022? Who knows.
But charts never lie. If one thing you can rely on, its the chart.
China equity bull market will be bullish globally as we can see in 2007 and 2015. But at the same time, when it is overdue, its time to be cautious and to exit the market.
It seems like the overall bullishness in Nasdaq has spilled over to Emerging Market. I don't expect to see any major top soon, but we will have it, and when all the indicators are there, its time to exit and pull the trigger.
Until then, enjoy the ride.
Regards.
Don't reach out to me. Don't messages and comments. I don' read them. So, stop wasting your time.
Is China telling us something about the capital inflow?
Very intriguing. Everytime China is heading into bull market, never ever neglect this information. As we can see in 2007 and 2015. Are we heading into a bull market that will top in 2022? Who knows.
But charts never lie. If one thing you can rely on, its the chart.
China equity bull market will be bullish globally as we can see in 2007 and 2015. But at the same time, when it is overdue, its time to be cautious and to exit the market.
It seems like the overall bullishness in Nasdaq has spilled over to Emerging Market. I don't expect to see any major top soon, but we will have it, and when all the indicators are there, its time to exit and pull the trigger.
Until then, enjoy the ride.
Regards.
Don't reach out to me. Don't messages and comments. I don' read them. So, stop wasting your time.