‘Shanghai index’ Archive

Pattern suggests key China index to rally around 50%

CLICK ON CHART TO ENLARGE Happy Lunar New Year to all viewers, especially those from China. Wishing all of you a very prosperous year ahead. The chart above takes a look at the Hang Seng Index since 1965. The index remains above 40-year support line (1). Over the past few years billions of free thinking […]

Breaking News- Hottest stock market in the world declines 7% today!

  CLICK ON CHART TO ENLARGE One week ago today the Power of the Pattern shared the following conditions were in play for hottest index on the planet (Shanghai index)  The Shanghai index was up 40% in 90-Days, formed a bearish wick as it was facing channel resistance, at its Fibonacci 38% resistance level with […]

Red Hot Shanghai market (+40% in 90-days) could cool off here

CLICK ON CHART TO ENLARGE When it comes to  ”Red Hot” stock markets around the world, the overwhelming winner the past 90-days is the Shanghai index, up more than 40%.  Even though the S&P 500 is doing well and is just under 3% away from all-time highs, its performance compared to the Shanghai index over […]