IvanLabrie
Short

China's situation: Bearish outlook and global turmoil

INDEX:XGY0   Shanghai Class A Index
In the recent turn of events, the focus of everyone has been shifted to the terrible terrorist attacks that occurred in Paris where countless innocent people were killed, all of a sudden.
I don't want to raise fingers and point at anyone, but it draws my attention to the recent bearish scenarios presented in most stock indexes around the world, where a very grim outlook has formed.

Today I will focus on China, the oil             futures and Sinopec's chart. I have given timely signals to short these instruments, see related ideas, and it's now clear that my forecast is valid and en route.
I'd like to condemn these events, and pray for the families of those who were sadly killed, and for a peaceful resolution to all this turmoil, which I fear might not end well.
In this more serious note, I'd leave you with my forecast for these instruments, I fear this is very much alike 2001, too much for my liking.

Regards,
Ivan Labrie.
Comment: I'm not connecting China to terrorism like some poster here implied.
That's not what I meant at all. Just that when big moves happen, suddenly terrorist attacks occur...it's a strange coincidence and we'll see if I'm right if global equities take a turn south.
Comment: If we see a new weekly high, then we might see a rally.
Monitor it.
Comment: Crucial week to determine direction.
Comment: Posted updated XGY0 chart. This one's still valid as well.
Comment: How long can the government support the A shares? According to my mentor Tim West, this Friday, we might see a very significant event for stocks (US in particular). For more information check out his 'Key Hidden Levels' chatroom.
Comment: On track.
Comment: It's likely to see a rebound in all these markets, oil hit a strong support and the stocks are reflecting it.
Comment: Crude and copper and gold turning around are helping Asia.
Comment: On track.
Comment: Let's see if the Chinese stocks reach my target.
Yes, commodities are bouncing but only temporary. The demand isn't coming back, the glut still exist.

I've taken my 20% profit on YANG about 2 weeks ago at 94 -> 113. Waiting for a re-entry

snapshot
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IvanLabrie PRO LastBattle
It still looks heavy, you're right.
Everything is temporary by the way.
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There are huge supplies in 3 months at China stock market. Let's see if 2100 will be tested next year.
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How to join Tim West Key Hidden level chatroom?
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IvanLabrie PRO peterchung16
Let me link it here.
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IvanLabrie PRO IvanLabrie
https://www.tradingview.com/chat/#c8BzrhGRvXxGXWnJ
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FYI there is a small supply about 1000billion will be locked in 2 weeks. It's time for short time short.
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Alright guys please stop fighting. I traded stocks in China and I took profits this year and last year. The fact is after June's falling PBOC invest about 2000 billions RMB for holding shares to stable the index. Now the market has been manipulated for some time. Next year or 3 months later there will be a supply in this market. I will buy a retrace especially banks shares untill that supply happens.
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IvanLabrie PRO Victor.Y.F
It's definitely an interesting market.
I have forecasted it correctly before.
Let's see of it behaves this time.
Oil and copper look really bad.
I don't believe central banks are Almighty though.
If they were we wouldn't have 1987 , 2000 or 2007.
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Victor.Y.F PRO IvanLabrie
It's not a very big market and could be easily manipulate in China. There is a final push around global stock markets, this is too early to call that top. Look at Tim's SPX500 short term predict please. Look at EWF's USD/CHF double extreme predict please.
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