Brand New Lows - Premia Property Bond ETF
www.bloombergquint.com
Something is breaking in China
I attached this chart to an ES chart that was making ALL TIME HIGHS while the New York session was closed - so overnight.
Mostly because this was the same news story that caused a 150 point selloff in the ES in September. However that narrative was no longer important as they ramped the ES in low volume.
It was a Chinese Property Bond ETF (ticker: 3001) since then it has dropped everyday in Hong Kong.
These Heikin Ashi candles sure makes the acceleration obvious.
The article attached spells out that the Fed is concerned the fallout there will effect things here !
Well no kidding! Hence why I posted this obscure charts.
And its worse this is happening in other industries as well as pointed in the article.
