As FXI enters back into its previous range this could be setting up for a continuation to new highs. The previous range was over 4 months and this is the first retest so barring a downtown in global markets the index should at minimum see a bounce
Several positive things have happened in China lately. The Asian country’s coronavirus cases have remained low and economic data has been strong. Just today, the Caixin manufacturing index had its biggest gain since 2011.
That’s helped push the yuan to its highest level against the U.S. dollar in over 1-1/2 years.
The other big story has been the rise of China...
Possible triple top with a targeted move towards 37 level. Possible fundamental driver, new lockdowns abroad which damages consumption and demand for Chinese goods.
Technical picture is supported by potential reversal islands at all three tops.
Chinese GDP expanded by almost 5% on a year-over-year basis ending in Q3 of 2020, signaling sustained economic recovery for the initial pandemic ground-zero.
Believe it or not (and I literally mean "believe it or not"), China seems to be ahead the U.S. in terms of coronavirus recovery. China posted an increase in retail sales of 3.3% in September, compared to...
Head and Shoulders bearish pattern on daily, below the neckline would be confirmation ($41). The november put/call ratio is 2.75! The fib retracement is at the .50 fib level. Keep on eye on this breaking lower . Good Luck!
to and fro
macro superposition involving consciousness energy and time.
From A to B one universe, from A to D another.
Choices are resolved by the 'love shared coefficient'. Not always correlated with ROI.
A or B not A and B
A to D passing 39.33 , first week , second week of May
Short position. B . Which Thin Blue Line. will be the bounce? That path would be an alternate future. If by a miracle of noble loving people, peace can be inspired, then. . . along the bright path fro box to box, into the summer; beyond, autumn D. D, test the March 03, 05 levels. Winter...