Hey Man Try a bigger falling wedge! Its still bullish
KeyTrade
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@avka81, Thanks for the reply. I still think its downtrend with a bull trap.
avka81
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@KeyTrade, Its closer to the bottom then the top. It was 5183 just 3 years ago. Its 50% down from the high. We are in a bigger down trend then them!
KeyTrade
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@avka81, Agreed, U.S has major downside. But i doubt China can avoid a downturn too, maybe % wise less than U.S
jck555
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OMG
cabesa
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Short is ok shortly but on a long ride, strong buy on Shanghai composite. US can not win the game. The facts are :
China exports to the rest of the world grew 14.5 percent year on year in US Dollar (USD) terms, which is almost double expectations.
Meanwhile, imports rose 14.3 percent in USD terms, which is below expectations.
Chinese exports to the US also rose by 14 percent while Chinese imports from America dropped 1.2 percent.
China’s exports rebounded while imports remained robust, thanks to strong demand at home and abroad despite fractured relations with the US, according to Bloomberg.
KeyTrade
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@cabesa, Yes. But who cares 5-10 years later, we traders make money as present.