Short
Mother Lode Coming?
Markets react to the "news" and plunge!
Analysis last week has proved valid as the first strike by the bear inflicts wounds.
Evergrande cops the blame, but this was a mere excuse as an exhausted market waited for the trigger.
A probable bounce is to be expected, not required as the plunge may continue.
33K is support, either more declines to this level or a bounce and then smash through 33K.
So hold short and if a bounce transpires, another sell the rally chance.
The mother lode WILL arrive...just a question of patience.
Good trading!
Analysis last week has proved valid as the first strike by the bear inflicts wounds.
Evergrande cops the blame, but this was a mere excuse as an exhausted market waited for the trigger.
A probable bounce is to be expected, not required as the plunge may continue.
33K is support, either more declines to this level or a bounce and then smash through 33K.
So hold short and if a bounce transpires, another sell the rally chance.
The mother lode WILL arrive...just a question of patience.
Good trading!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.