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WhiskeyTangoFoxtrot3

TAIEX and China Stocks Both Benefit From US-China Trade Deal

Taiwan Capitalization Weighted Stock Index (TWSE:TAIEX)  
WhiskeyTangoFoxtrot3  
TWSE:TAIEX   Taiwan Capitalization Weighted Stock Index
Trend Analysis Harmonic Patterns Beyond Technical Analysis taiwan TSEC Weighted Index twse china tradewar tariffs taiwanshort taiwandollar taiwanstocks
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trendanalysis harmonicpatterns beyondta taiwan taiex twse china tradewar tariffs taiwanshort taiwandollar taiwanstocks
TAIEX enjoys a positive correlation coefficient with the Shanghai Composite which has strengthened consistently over the past few months. Then if we believe that a trade deal with the US is coming then the TAIEX will surely enjoy some gains as well even especially since TAIEX greatly outperforms Shanghai Composite and Shenzhen Component. However, TAIEX RSI is well into the overbought territory and let's also not forget TAIEX suffered its worst single day loss (6 percent) since the 2008 financial crisis back in January of 2018. More volatility to come?
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