Apparently a bear-flag emerging on iShares MSCI China.
Should be ready by the end of September.
I expect this to resolve down to 54.11 roughly where support from 2020 sits by the end of 2021.
“A lo largo del 2020 hemos visto un aumento en el interés de los inversionistas institucionales en exposiciones más granulares en las regiones que suelen invertir", explica Francisco Rosemberg, gerente comercial del segmento institucional para BlackRock Chile.
www.latercera.com
The Chinese keep pumping futures, here's their chart using MCHI ETF which gives us a clearer picture because it accounts for currency.
Big pennant, I guess we should all have seen that....
So I'm guessing next week is decision time, possibly Monday. Virus cases over 1 million, rising exponentially....
www.worldometers.info
Weekly analysis:
- Huge bullish volume when price bounce off support at 60
- Volume is quite significant so far because it has only been 3 days in for this week
- Nice void above. Not much resistance on the way to 2R
Daily analysis:
- Nice hammer like candle with decent volume (about 2 to 2.5 times the normal volume)
- Nice void above same as weekly
Intraday...
The MCHI China index has been plummeting due to the coronavirus outbreak, which has many Chinese cities on lockdown today. Also hard-hit by the coronavirus outbreak are shipping companies and airline companies and the crude oil producers who serve them. The odds are good that the story will get worse before it gets better. Not only are we likely to see more...
Recovery from the 2019 May dip in global equities markets from the hard work of Communists (current and ex)... ? China equities and the Chinese government actions on the Chinese yuan ( CNY ). Russian equities and the Russian ruble (RUB). And also JPY and Gold.
The iShares MSCI China ETF has not only broken out of its downtrend in absolute terms, it is also showing relative strength vs. the All Country World Index.
Looks like China versus the emerging markets is making another come back! First it was 2013, then again it was about 2016 then is based out and rallied in 2017. Now, here we are again at the same old trendline at the end of 2018 and beginning of 2019. The Shanghai Index is also at an all time, weekly/monthly support level.
Could something about China be...
NASDAQ
