‘Shanghai index’ Archive

If the Shanghai breaks out from this, it could be huge for the S&P 500!

  CLICK ON CHART TO ENLARGE Is what happens in China important to the rest of the world?  I would guess a few would say yes. When it comes to stock market performance, is what happens in China important to the S&P 500 or other global stock markets? I would guess a few would say […]

China breaks 6-year resistance line, nice price action of late!

  CLICK ON CHART TO ENLARGE The Power of the Pattern has been keeping an eye on China ETF FXI, as it approached 6-year falling resistance a couple of months ago. Members bought FXI near resistance with a tight stop, looking for a potential breakout. Of late, FXI is breaking above its 6-year resistance line […]

China near a multi-year bullish breakout? Help push S&P higher?

  CLICK ON CHART TO ENLARGE Many major stock index’s in the United States and Europe are either at all-time highs or near them. One sixth of the worlds population can’t make the same statement though! The chart below reflects that the Shanghai Index and the popular China ETF (FXI) has greatly under performed the […]