Tuesday, 23 October 2018
Updated China 300 Index Technicals reflecting Equity Markets of China and Hong Kong: 23 October 2018, Tuesday, 7.53pm Singapore Time
23 October 2018, Tuesday, 7.53pm Singapore Time
(Click on Technical Chart above to Expand)
Attached above is the Technicals for China 300 Index. Following my August and September 2018 expectation and with live trade shorts taken at 3253.5 points, 3245.9 points, 3268.5 points and 3219.9 points, I am taking profits of all China Shorts (as well as Hong Kong Shorts) tonight. As reiterated this week: China's and Hong Kong's True Bottom is in place. Asia's true bottom from this mid-term correction of 2018 is also synchronously in place.
(The short-mid term China Shorts acting as hedges for my investment portfolio of longs is coming to an end -- I am having no more short positions as hedges anymore)
This brings my shorts to a total of ZERO now as I take profits of everything single shorts while sentiment is a max bearishness from the majority herd in the international financial markets now.
Direxion Daily FTSE China Bear 3x ETF shares (AMEX: YANG) will be closed as well tonight.
Past Live Track Records/Analyses:http://donovan-ang.blogspot.com/search/label/China%20300%20Index