I saw a man discuss the relative performance between the Shanghai Composite and the S&P 500, and he suggested that based on that analysis, the Chinese market was set to outperform the US market. But I wasn't satisfied with the analysis because he established his ratio in arithmetic scale, which gives it a bit of a distorted look, given the terrific swings the...
China Stock Market starts to rally
The Shang Hai Composite just broke
long term tri-angle consolidation
and break 3000 important resistance level
If you can invest China's stock market, dont' miss it.
Target 3400/ 4200 / 5200
For MT4 users, Choose Indicies CHINA A50
For US STOCK Investors, Choose China Concept Company
When I have examined the Shanghai Composite in the past, I have used the arithmetic scale, which I most often customarily use and here is what that looks like:
Based on that, we see a symmetrical triangle, with what appears to be the beginnings of a great launch in progress. However, given the risks I believe all of...
The "hanging" candle
The problem is as follows:
If the only way to reach risk-on in and remove social distancing is either via a vaccine (most preferred option although not really in scope till 2021) or further extreme lockdown measures (as you all know extremely...
Fear not, in a bullish move/direction, a red candle is merely a correction, necessary for it to gain more support before going higher. Unless and until the trend line is broken, the red candle should be viewed as a buying/accumulation zone.
3158 to 3187 will be a good buying zone for SHCOMP. Again, let not the media distract you to think the Consulate office...
this chart is telling you 3 things.
chinese market will start moving up will go over s&p500 gains in 10 to 15 years.
will start movien october to november of 2020.
will stop 2023.
and that is exactly when the $ dollar will bottom because i believe the dollar will start going down from now on and chinese market will benefit from it because they will loose confident...
SHCOMP has formed a Golden Cross on the 1D chart turning vastly overbought (RSI = 89.841, MACD = 105.710, ADX = 52.201). Last time that took place within the long-term Channel Up that started in January 2019, the market consolidated for a few days and delivered a last peak in a month. The MACD has entered into this red Resistance Zone of the 2019 consolidation, so...
📍 In this position, after clearing the knee-jerk reaction from covid flows we are starting to enter into chapter II, heavy protection. The flows have shown strength in drastic fashion; the apparently bottomless wallet of keynsian economics - suddenly showing a surprising amount of animation! You can see the impact of PBOC on Chinese Equities here:
Shanghai Composite had very strong performances in the past few trading days. The monthly RSI is above 60 and the highest since 2015. It is about to break ABOVE 2019 high which is very significant.
Is China telling us something about the capital inflow?
Very intriguing. Everytime China is heading into bull market, never ever neglect this information. As we can...
The Shanghai Composite showing extreme weakness as it fails off a Bearish Crab Pattern completion and an early failure resistance off a crab pattern. This is extremely Bearish signals. I'm not sure they can get any more bearish than this.
How will this play into US Markets continuing into next week/ month(s)/ rest of year?
Please see the DJI- NDX- and SPX charts...