Keep on your watchlist. The RSI is setting up as a reversal . Price should be crossing the ema 20 & 50 soon and set up for a good play.
LOOKS LIKE A LONG AFTER BREAK/RETEST OBVS RISKY ONE THIS ISN'T ADVICE DON'T BE AN IDIOT
from its peak. The US SM is close to the end of its wave 2 correction. There should be a rally before mid term.
YINN represents leading China stocks (SVXY to S&P) moving uptrend on huge green volume.
strong support, we have been here before
Notice fib retrace around 61% and also equal legs short on the purple arrows I think its a good re entry point for long here with targets to 35 , 37 in the next wave
I would take a major event to derail the Chinese Stock Market. Trade relations worldwide will likely improve over the next several weeks especially with North Korea coming to the negotiation table. There is major support in the $30 area.
YINN 1D This will hit $100 this year. I am extremely BULLISH on Chinese market this year.
I think this ETF is one of the best ways to play Chinese equities. For me this is one of the better looking setups out there. BIG ASS inverse head and shoulders with volume on breakout is what I like.