On the daily TF, we have our bullish tenkan-kijun cross and price has crossed kijun sen from below, indicating a possible bullish bias. On the H4 TF, we have a bullish hammer sitting nicely on the tenkan sen. We receive our confirmation from %R. Hidden bullish divergence is also observed on UO.
If 330 doesn't hold, we'll likely be in for a deeper correction.
Look to buy when price dips to form the right shoulder.
Otherwise, I think there is a good chance we have seen the bottom. (Though I tried to call the bottom once but failed.)
4th consecutive day of rejection.
Shooting Star and Doji fully formed.
Confirmed resistance area at 370.0.
Market overbought by looking at the Stochastic.
Singapore30 should give us a potential short opportunity.
China/Asia break support and head lower as the debt contagion continues to spread in SE Asia. Watch how this debt/credit issue expands across SE Asia, South America and across the One Road project countries. My assumption is that China is using every resource possible to prevent this type of contagion event from happening now with it having "fingers in every ...
My custom China/Asia index shows, very clearly, the support near 7200 is critical at this time. The continued weakness originating out of China and the efforts to contain the current rout as well as contain an economic crisis are clearly generating concern throughout the globe. China has it's fingers in many other global nations. A collapse in China would ...
Watch out below, folks. It appears recent support may not hold in my custom BRICS index as Emerging Markets appear to be under extreme pressures.
Recent news out of China, Malaysia and Mexico could lead to a complete EM market collapse.
Chinese capital markets are under extreme pressure right now and over $1 trillion in equity shares have been pledged to ...
The breakdown in my China/Asia custom index appears to be accelerating downward. I called this move over 4 months ago as I saw economic issues playing out in China that could be dangerous. With Malaysia's new PM, Mahathir, pushing to expose corruption and graft from locals and Chinese investment firms, I expect continue news to POUND China over the next 12+ ...
Enter a long trade on SG30 this morning when the price breakout.
The trade was in-ligned with the Lazy trend System.
US markets was bullish yesterday, thus i was expecting the Asia markets to follow as well.