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.
Uwaga
Note: This is a daily chartUwaga
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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