‘Shanghai index’ Archive

Bearish wick, created by hottest index on the planet, impact S&P 500?

  CLICK ON CHART TO ENLARGE When it comes to year to date or the past 90 days performance, the Shanghai Index is at the top of the list for both time frames! No doubt this index has been white hot of late! Even though the Shanghai has been screaming higher of late, the rally […]

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 […]