China had a monstrous collapse in 2015, after that rally it is now showing some short term weakness. The problems they face are currency, slowing growth, and house prices. I believe that house price may effect stock prices but it shouldn't be something that effects the whole market because the problem is evident, when we know about the problem we protect against...
Go long in box. We could be forming a major perma-bottom
The HKG33 is making lower low's. opportunity to short on the next red.
* This is my personal homework only, not an recommendation.
1st weekly target already hit, not very safe to enter now. Now is the time to wait patiently for RSI to retrace to 50 level before deciding on the next step. It is 21bars since the last MACD cross, if the retrace is deep, it might go down to meet the MACD (green circle); which I doubt so. Any thing beyond 23k is already pushing the envelope. For this chart, the...
Big move coming, and it's more likely to come downside.
I read an article published on zerohedge named something like "g-20-meeting-was-big-disappointment-what-happens-next". I am not sure why the article now can not be found . as someone named Brent Donnelly said that the market expect something from the G20 , which result the lift of the stock index on last Thursday and Friday. now the meeting disappoints the market...