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.
H&S PO at 2500 area $FXI, $FXP, $CHAD
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 !
Looks like we still have some dipping to do.
SHA stock index is getting closer to our estimated bottom entry, according to our previous analysis on Feb 19. Have you got ready to buy?
Two entry for long term set up, should trade with well control of your positions. Period One (Feb.-early Mar.) Range: 3150-3200 Period Two(Apr.20-May) Range: 2910-2950
America and China are the top two economy on this planet, and the capital flow between this two countries will be increase in both volume and in depth. As shown in the chart, the ratio of DJI/SHCOMP seems reach the top area and possibly will go south soon: 1, hit suppressing line 2, macd bearish diverage 3, rsi to the dangerous high area 4, possible bearish...
The monthly chart of Shanghai index is showing that bulls are a little tired after going up for nearly 30% since March 2016. Look closely at the last closing candle, it is a doji pattern, a signal of indecision between bulls and bears. It can come down a little before going higher or push up a little more towards the 50% FIB level, perhaps matching the opening...
SHCOMP 15 Sept17 / MAY19 / MAY2022 Trend is over=target.
SHCOMP is coming to the support. Pay attention to the support next weeks.
The Global Stock Market's (excluding US) Monthly RSI is Entering Overbought Territory. While not as extreme as VT, I would be careful about going long here in developed markets or emerging markets. For a while longer, I expect it will outperform the US but I think it will for in upcoming months. The ECB is planning (that may change if stocks or especially bonds...
Fail to pass MA90 and MA144, another adjustment incoming. Wait and see.
I have copy and place the trend between 2017 JAN and MAR to now, it's very interesting. The high and low point perfect match the suppress and support line, amazing.
A 14 months mode is formed in SHCOMP. It seems that it got supported on the key hidden level. The projected price target and time target are labeled in chart. Good luck for everyone!
As you can see, the market didn't make new highs, and there comes bearish signal, in next week if the uptrend line not hold, what's come next would be really ugly.If this uptrend not break, we might still inside an ascending triangle.