📌 Another round of updates for the Yearly close on the MT and LT maps, sellers may still be in control but buyers are flirting with that breakup. This will occupy the battlefield and unlock a test of 4,500 for 2021.
What is wrong with the bull case is exhausting to list; the exchange of capital from public to private assets is developing sooner than I expected....
📌 A quiet few weeks and enjoying the last few days of summer before things get very active in markets for the rest of the year and into 2021.
Global Equity buyers received their reward for their braveness play: overshoots are a weakness.
See diagram below.
The mysterious 2650 lows were held from the Giant Panda (PBOC), when retail threatened the...
The "hanging" candle
The problem is as follows:
If the only way to reach risk-on in and remove social distancing is either via a vaccine (most preferred option although not really in scope till 2021) or further extreme lockdown measures (as you all know extremely costly and damaging to the monetary side) to completely remove the virus from circulation. With...
📍 In this position, after clearing the knee-jerk reaction from covid flows we are starting to enter into chapter II, heavy protection. The flows have shown strength in drastic fashion; the apparently bottomless wallet of keynsian economics - suddenly showing a surprising amount of animation! You can see the impact of PBOC on Chinese Equities here:
...and now...
A bloodbath across most of Asia with SHCOMP managing to hold via PBOC intervention. Actively sold the Tokyo close as red alerts have been triggered across Global EQ Index.
Those familiar with the current technical flows we are tracking will remember the PBOC dip; it was a classic example of CB intervention in attempt to stop the bleeding. The issue is that...
China returning from LNY and an (un)lucky -8% selloff taking the headlines as SHCOMP catches up to the bleeding across Global Equities since last week. Well done those that caught the move we traded live here:
A flawless -8% leg in a single gap; as long as the full extent in the impact of this virus remains unclear it will be difficult for SHCOMP to get back...
As usual thanks for keeping your support coming with likes, comments and etc... Lets get started with a round of important chart updates coming today (which btw is extraordinarily late after a week ban). I would like you to note the position arising here looks as though its "business as usual" for the dip buyer crowd, whereas sellers are seeking salvation in a...
The Shanghai Composite reflects the real situation that we are facing up. The S&P 500 completely out of mind in that perspective. Are we approaching a reversal movement in both indexes? Indeed, one of them has a lot of chances rather than the other. Which one is willing to turn over first?
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