‘Shanghai index’ Archive

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 [...]

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, [...]