Daily RSI went oversold so it got a bounce, but I think there's further downside because their own government keeps crushing various stocks.
I don't think Xi gives a rat's ass about the stock market any more, obviously he's trying to squash billionaires. It's supposed to be a communist country, after all.
Also, Xi WILL invade Taiwan while Biden is in office. He's made that a goal, and he's 68 so he knows he doesn't have a lot of time left to leave his legacy. If only there was a way to get inside info on WHEN, you'd make a killing with EWT puts. Maybe he does it to celebrate his 70th birthday in a couple of years, no real way to predict....
Anyways, see the highlighted peak, expect a similar whipsaw down.
I don't think Xi gives a rat's ass about the stock market any more, obviously he's trying to squash billionaires. It's supposed to be a communist country, after all.
Also, Xi WILL invade Taiwan while Biden is in office. He's made that a goal, and he's 68 so he knows he doesn't have a lot of time left to leave his legacy. If only there was a way to get inside info on WHEN, you'd make a killing with EWT puts. Maybe he does it to celebrate his 70th birthday in a couple of years, no real way to predict....
Anyways, see the highlighted peak, expect a similar whipsaw down.
Note
Note: This is a daily chartNote
And there you go....Note that MFI is not oversold on the daily or 3 hr charts, stay away from going long on China/HK
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.