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Wednesday, October 6, 2021

$FXI - China Lower Low

Chinese markets are weak and can see a lower low, and the selling may not stop until this occurs. FXI may take out the panic low of 2020. Weekly

11 comments:

  1. sc,

    you are position your self in YANG???

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    Replies
    1. I'm not currently. It could bounce at some point too before the lower low. Maybe YANG could be worthwhile but with FXI down 30% plus already it's late in the game.

      Delete
  2. US markets didn't care about China until it had already fallen substantially. Now there is worry about China as it approaches a low.

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  3. Also unlike China SPX has no risk currently of seeing a lower low from 2020.

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  4. But until China stabilizes US markets are going to be under some pressure. Probably this can last a few months.

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  5. We're seeing strength today! SPX surging.

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  6. That dip in GUSH yesterday didn't even put a dent in the daily chart.

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  7. sc,

    There is your gap fill ---now--we should see another drop another 100 to 150 points on SPX ---lets see?

    ReplyDelete
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    ReplyDelete