A50 white second wave correction has a high probability of ending, and the third white wave is optimistic in the later stage. From the perspective of entanglement, the current center + A intraday chart has closed the bottom type, MACD golden fork, waiting for an upward stroke to leave the center, looking forward to getting out White b segment market.
The China a50 is under the weekly 50 SMA and near the 200 weekly SMA. The SPX500 isn't even at the 50 weekly SMA. Usually world markets, eventually, follow each other.
The China A50 has been underperforming for a year. if these trendlines are breached, you could see a quick 1000 point fall. This would spook other world markets.
lets see if we get the trend change watching pull back for higher low support and big ass red volume stick to confirm if it holds... that would make a higher low and super bullish.
China a50 keeps trending up, been trading it almost every day for past 4 years and think it's amazing opportunity to buy now and hold for at least 10-15 days.
Good luck.
Weekly chart multiyear resistance breakout three weeks ago and now we got the retest. If 15000ish holds, very bullish MT imo. Besides technical, also like the bearish sentiment on China recently.
