This is just analysis relative my previous chart analysis
Good luck everyone ;)
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
News that the President's of China and the United States
at the US invitation,will meet at next weeks G-20 meeting
for a leaders discussion on trade war issues, sent Chinese stocks
up sharply, as the market seemed to take seriously,
the prospect for some kind of economic truce between the two nations.
Direxion's Triple Bull China ETF , YINN
the vehicle that I use...
The current consensus opinion is that the United States has the clear financial advantage
in the trade war with China,and that it is only a matter of time,
before China is forced because of economic pressures to save face
,and make notable concessions to break the current deadlock,between the two superpowers,
thus in turn handing the United States, and the...
YINN has had a strong downturn due to the China-US trade war. After today there was a gap up in YINN, which followed a gap down the day before. This has now created an island gap. This signals a reversal in sentiment and in this case a bullish reversal. Especially after a massive over extension to the downside in the price action.
So this is Trump's style to negotiate and all the recent sell off actually is good for the market imho. Watching Chinese names + Soybeans and I am 99% certain that deal is near. I like YINN to pop and YANG to drop.
Plenty ways to play China names. I will add some YINN calls.