The chart looks like crap. There is very little support between here and the red box.
The story:
To have strayed away from the hand that fed them, to turn and bite it.
The old system had an old valuation model.
The new system is unknown, but likely bad news.
America is number one. China will be a lesson to the next country which has the honors of being #2.
Geopolitical tensions between China and the US have escalated in recent years amid efforts by both countries to become the world’s economic powerhouse.
Speculations that the Chinese economy would overtake the US by 2030 have led to tit-for-tat tariffs, sanctions, and a revamp of capital market rules aimed at reducing Chinese companies’ access to American...
A raft of regulations targeting a number of sectors — from technology to real estate and education — have hammered Chinese stocks late last year and into 2022, and although many economists remain bullish on Chinese stocks’ potential, Beijing’s relationship with the Kremlin is now weighing on investor appetite for Chinese shares.
On Friday, April 1, Shanghai’s SSE...
Well whats next . so far china 12 yr bull market with growth of 7 % or more has just drop a fib pull back to .786 and to match the what was called the GREAT BEAR MARKET CRISIS it drop then 72.5 % this world match it a target of 5840 to 5750. is the rest of the world to catchup or we about to see an event my next major spiral turn which also my fib cycle...
The golden dragon index is awake. Ready to squeeze some shorts off it's back in my opinion.
Falling wedge break and moving averages (200 in red) showing potential move up to the 382 fib.
May Lead to Global "Systematic Sell Off"
Relationship Between
U.S Equities and Chinese Equities
China is a Credit Bubble
Remember Back in 2018 Economy was about 40 Trillion Dlls Worth of Assets in their Banking System Now We are About 52 Trillion Dlls it's a 314 % of their GDP Today
Posible Correction in U.S Equities 20%-25%
Hope to See your Likes 👍 to Support...
There's a previous consolidation within the drawn range with the bottom of the range overlapping the .786 retracement. If there was a spot to pause until more news drops , I'd imagine this is it
