Problems with China are all over the news now with Evergrande filing for bankruptcy and opening down 90%.
Is any of the previous examples of this are anything to go by, Evergrande goes up a few 100% now. That's what's the norm - as crazy as it sounds.
Looking at the China indices, they currently hold 76 supports. This is a real make or break level for them. If buyers hold these levels, we might have seen the end of the dump.
Probably nothing but pain if the supports break.
Is any of the previous examples of this are anything to go by, Evergrande goes up a few 100% now. That's what's the norm - as crazy as it sounds.
Looking at the China indices, they currently hold 76 supports. This is a real make or break level for them. If buyers hold these levels, we might have seen the end of the dump.
Probably nothing but pain if the supports break.