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Friday, 7 September 2018
Updated China 300 Index Technicals reflecting Equity Markets of China and Hong Kong: 7 September 2018, Friday, 11.55am Singapore Time
Updated China 300 Index Technicals reflecting Equity Markets of China and Hong Kong:
7 September 2018, Friday, 11.55am Singapore Time
(Click on Technical Chart above to Expand)
Attached is the technicals for China 300 Index. Following my August 2018 expectation that the US President, Donald Trump, will fire his last round of salvos on China in September and October of 2018 (leading to midterm elections on first week of November 2018), China is now battered, yet again. All my short-mid term shorts on China which I had chalked up earlier have now turned into good profits for each and every batch of the shorts on China. In addition, China market has broken down orange support trendline in the immediate term, while being resisted in the short term. This means my expectation on China is turning true. Note that all other markets worldwide will still be within the SCTR spectrum which I had laid out earlier, with US markets and India markets being the most bullish.
(Short-mid term China Shorts are merely acting as hedge for my long term investment longs portfolio) Related Trade: Direxion Daily FTSE China Bear 3x ETF shares (AMEX: YANG) @$60.92