Due to the new and unexpected coronavirus outbreak in China and the lockdowns occurring within Bejing, I expect the Hang Seng index to come under pressure.
This combined with the floods in the south and Indian border tensions causing boycotts of Chinese goods may also contribute to Hang Seng downward movements.
To be clear, this is a very short term move, hence...
The YANG China Bear fund should gain this week after an extremely bad print on China's manufacturing PMI, which came in 22% worse than expected over the weekend. China has been claiming economic recovery-- they say 90% of their state-run firms are back in business-- but the numbers belie those claims. Also go check out a BBC article titled "Coronavirus: Nasa...
No comments here, this is just for me, and my references.
CRAzy volumes for last few years, i must say.
Good Luck Everyone!
BLUE = Bear/Resistance
Yellow = Bull/ Support
Vertical Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
~Explore the chart for possible scenarios of price actions - use zoom...
Look at this shape forming!
Look at the volumes! No way this is a start of a bear, this is a start of a break out a whole new bull trend!
Crazy, truly crazy! China made a mistake with this trade. Watch how their economy going to start imploding without external capital!
Not to mention Hong Kong, lol, China just got cornered!
This will affect BTC as investors...
After Trumps tweet of raising tariffs, China's market is temporarily crashing.
YANG is a China Direxion Bear X3 ETF. The index is having great gains.
I expect it to reverse on Friday 10th / Monday 13th. Analysts still expect the trade to happen between China and USA.
At this point consider buying YINN (China Bull X3 ETF).
Other X3 ETF's to consider:
With the "trade war" continuing until the purported deadline of March 1, we can expect heavy volatility until then. The Chinese New Year is coming up on the fifth of Feb and Xi will want to reach a positive outlook before that time. As basically the entirety of China will go on holiday for 2 weeks, Xi will want the people to be at ease about future economic...