‘Shanghai index’ Archive

Pattern suggests China could fall 30%! If so, impact S&P 500?

  CLICK ON CHART TO ENLARGE The Shanghai Index looks to be creating a multi-year descending triangle pattern. A little over 50% of the time the asset that forms this pattern, ends up falling in price. When support breaks, over 75% of the time a meaningful decline takes place. For more details on this pattern [...]

Watching the Whale (Shanghai Index) create a Flag/Pennant pattern…

  CLICK ON CHART TO ENLARGE When it comes to population, China represents one sixth of the worlds population. Does size matter? At this time it appears the Shanghai index is testing the underside of this flag/pennant pattern at (1) above. The Emerging markets ETF (EEM) has lagged the U.S. over the past few years, [...]

China about to pick up speed, to the downside?

  CLICK ON CHART TO ENLARGE Is a 3% decline for a currency in a couple of months, enough of a decline? The left chart reflects that the Chinese Yuan to the U.S. Dollar started falling two months ago and its been a hard and swift decline, to say the least. Do the currency players [...]