To date this market has been one of the easiest to read. Major retrace to March 21 support expected and on track. Best, Hard Forky Move up Approach Summit
KWEB is a China technology based ETF. Top 10 holdings by weight: Tencent Holdings ~ 10.62% Alibaba Group Holding ~ 10.32% JD.com ~ 7.21% Meituan ~ 6.99% Pinduoduo Inc ~ 6.97% NetEase Inc ~ 4.71% Baidu Inc ~ 4.27% Bilibili Inc ~ 3.83% Trip.com Group ~ 3.82% JD Health International ~ 3.32% Fundamental Analysis China’s stock market pullback...
Original Chart This is Based Off 2018 update Original Trade Strategy Around This Chart Everything should be self explanatory in the chart. Of course - this will work until it doesn't, but since the 1990, the HSI index hitting its upper resistance line has nailed every major global market top within a very short timeframe. You can see how perfect...
Asia Corporate spreads have been widening vs. Emerging Market Corporate OAS at the highest level since 1999. Any bounce in Asia must be led by Credit which is missing
Analysis, Target, and SL are mentioned in the chart itself
**Spread Trade*** An opportunity to initiate a pairs trade by buying FXI and selling EEM. Spread between both etfs grew substantially (over two sigma), spread should start narrowing make sure you execute trade using ratio of both prices. For instance, you could go long fxi 26 units and short EEM 20 units (capital 2000usd) Chart symbol of spread —> input the...
1. GOLD and Silver bottoming out, 2. DXY Breaking out of a double bottom, 3. INDIA VIX breaking upwards from a rounding formation Perfect troika for trend reversal? #NIFTY #EMERGING MARKETS #NIFTY50 #INDEX #TREND ANALYSIS
Global stocks have lagged recently because of weakness in China, but a handful of countries are still advancing. One of them is Russia. The VanEck Russia ETF rallied about 50 percent between November and June. It’s consolidated since then, while making a series of higher lows. The most recent low around $29 was noteworthy because it was near previous highs from...
Yesterday saw some significant moves in several key macro factors. The charts below detail the sharp escalation in China stress (at the national, rather than real estate sector specific level) & the impact that had on broader risk appetite in markets. The Evergrande story has been in motion for months. Up until yesterday, contagion had been restricted to...
To 2022 target price by chart pattern, usind next futures for got this movement, look also to USD/RUB for below 70$ target price
I've been toying with this one a bit. Good sector (clean energy . . if you believe in that sorta thing), improving earnings (still not great) but the technicals show an uptrend, 50 and 200 EMA's in play with clean Fibs and some harmonic action potential. I've dropped my entry and exit points (Not Investment Advice) but DYOR for what could be a juicy % within a...
The $Euro has stayed above the orange level, around $109, for a year. We have seen several tests of this level (shown by the purple arrows). Why does it matter? 1. The US dollar has an inverse correlation with the Euro as well as Gold. 2. A strong US dollar negatively affects international equity (such as Europe and Emerging Markets). 3. A weak dollar...
Emerging Markets Consumer Technology ETF (KEMQ) vs. Invesco China Technology ETF (CQQQ), KraneShares CSI China Internet ETF (KWEB), China Securities 300 Index (0003000), Hong Kong Hang Seng Index (HSI), Nasdaq Composite Index (IXIC)
Trend Analysis The main view of this trade idea is on the 2-Hour chart. MSCI Emerging Market Index Futures (MME1!) appears to be in a double bottom pattern setup, with the price currently trading around the second low of the setup, around the 1300 price level. Expectations are for MME1! to rally towards the top of the double bottom pattern setup, 3.3% away from...
One of the most liquid Emerging Market currency crosses, $USDBRL, is advancing for an eight straight trading session through Thursday. This is the longest unbroken bull run for the exchange rate since September 2014. It's impressive that it is advancing in today's session given the Dollar is under pressure of its own, but it seems general risk aversion is the...
Corrective structures are tricky, the wave b emerged within a complex structure. The map posted in 2018 appeared to be valid (see related) and I dropped it early. This is a refreshed chart of the old map. The wave B slighlty exceeded the top of wave A. The wave C down could emerge in 5 waves down within the strong impulse or an ending diagonal. Price could retest...
Precious metals (PM) have really struggled this week, with the following weekly movement in USD: Gold TVC:GOLD -5.65% Silver TVC:SILVER -7.17% Platinum TVC:PLATINUM -7.2% Palladium TVC:PALLADIUM -8.23% All these PM’s seems to be heavily oversold over the shorter-term, which could see a bit of a recovery over the next week or two. Why is this important?...
The double top on the macro is going to be a (big) problem, if it materializes. Not a setup to trust. Either we follow the white line of or we fall back to the bottom of the macro range. Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos,...