The Shanghai Composite, one of China's main stock indices seems to be at a major breakout zone. It seems possible that the trend may finally continue upward from this point after years of up and down. If this is the case, then this could be a bullish view for the global market, despite the Trump tariffs which have been bearish for the macroeconomy. If this shows...
13th September 08:28 Bst
Shanghai Composite Index SHCOMP
A Technically Perfect Bounce
This was meant to bounce from the the big double bottom
set-up at the 2639 line. In the event it fell to 2647 before
bouncing about 1% or so.
However this index is so far still stuck below the upper
parallel of the original downwave and is therefore not out of
Interesting divergence in the past few months in what are normally two highly correlated indexes (Hong Kong's HSI and the Australian index). Hong Kong is the red line, whereas Australia is the blue line. Note the stark divergence where HK is heading south, while Australia has yet to head downward.
Note that the lines represented here are the 100-day exponential...
Looking at the long-term trend, the Chinese A-shares are trading within a pretty well defined range since the mid 1990's. This includes two meteroic bubbles that have risen as quickly as they've crashed. Despite these bubbles forming, they haven't caused any massive damage to the Chinese economy such as what we saw when other large bubbles broke down (such as...
Trump continues to escalate the Trade War, now hitting China Mobile.
Chinese bourses are being watched in order to gauge the seriousness
of Trump's moves.
Remember that Tariffs come into place Friday July 6th.
Dow Jones Ind Avg = Blue Line
Shanghai Composite = Black Line
Mutually Assured Destruction ?
Currently it looks like china is
winning the race to the bottom.
All in the name of corporate profit
and at the expense of the avg joe
and they wonder why crypto is so
sought after, go figure !