The Shanghai Composite snagged for a 4.4 percent drop following more than a 20 percent rally this year. However, the fall may just be the beginning after it we showed that the price was hitting mathematical limitations on top of broadening volume issues. "Funny money leading Shanghai Comp higher. We see how this ends. Weekly z-score 2.23. Intermediate TACVOL...
The chart of China DYF says it all. Parabolic growth after parabolic growth. Reminds you of something?
Time to short China/Chinese stocks.. The $SHCOMP monthly log chart is running up into some critical resistance. GL!
SPY testing at 280, unsure if it can break or not. Just like everyone is speculating, if the deal with China gets done then we'll most likely break 280. If it doesnt get resolved, one of two things: keep testing at 280 for a long period of time or starting downtrend to 260 level; if not a massive correction. Death cross coming up in 1 hr chart if downtrend does...
CIFS is bullish as the price breaks through the resistance after a 3 month bottoming out period. Remember to set your stop losses as support levels drop the price to 2, and then 1.
USDHKD is a proxy for monetary "stuff" going on in China. China can stimulate when this peg is not being hit as most of their dollar funding seems to be running through Hong Kong. When the peg gets hit however, we see noticeable problems and effects around the world. We are now about to see the peg get re-hit once again, which will likely kick off another wave of...
With the potential Trade deal getting even closer among the worlds two largest economy and trump delaying the tariffs, The Australian Dollar may appreciate but NOT too much. In the analysis below i explained why the AUD is in for some benefit but DO NOT expect it rally should the trade deal be made! Same goes Fundamental analysis goes for the EURAUD however in...
The Shanghai Composite Index has seen a considerable rise since the start of the year, which we predicted in December ( ). The parabolic rise on 1D has reached past the overbought zone (RSI hitting 80.000) and as it got close to the 0.500 Fibonacci retracement level (3,015), we should start see it consolidating. The strongest candidate for a pull back however is...
With Tariffs delayed which were suppose to come into effect on 1st march and renewed optimism that a trade deal could be reached soon between the world two largest economy, Aussie could be in for a benefit! China usually imports many of its raw material from Australia and if a trade deal can be reached soon (which is a likely scenario) aussie dollar could make a...
This ETF looks to continue to boom especially after the China and US have optimistic trade talks. Mainly China companies inside this ETF.
The price The price is back above the EMA200 on daily time frame after 9 months of downtrend. In fact, since the index has scored new absolute highs above 33000 points, the price has started to fall until the support around 24500 points and from here it has restarted. Technical analysis Technically the price is now above the new dynamic support (identified...
FING_B - CHINA X US G20 - Catalyst Play (Intellectual property)
As you can see on this chart, a gigantic rising wedge it is completing as long as price is moving towards its target.
On December 26, gold and e-mini futures had a 20-day correlation of -.91 (near inverse), but the 20-day correlation has tightened considerably to .72. Last time we saw this in December 2017 as emerging markets became unhinged, seeing the correlation move from -.78 to .90. It is slightly unnerving because there is virtually no volume in either gold or e-mini...