Shanghai Stock Exchange - MACRO OUTLOOK DANGER!!SSE Composite Index
Macro timeframe has just confirmed a bearish trend incoming.
Expiry set for October 2026 with macro targets of $2,000 - $1,700.
Short term we may take the lows of $2,600's followed by a dead cat bounce toward $3,000's and macro bearish structure will remain the same. Macro bearish idea invalidation upon a strong close above $3,200.
Shangai
Evergrande contagion signals on Shanghai compositeClear RSI divergence on price action at weekly period, possible long expected housing crash is near than we thought. FED interest hikes can be last straw on already shaky Chinese housing and banking sectors. CCP Chinas close trading partners and investors will be hit more than ones who kept their distance. Time to weigh ties.
Shangai Enterprises - tracing intermediate C upAs predicted in our April 5 post, Shangai Enterprises is tracing intermediate wave C of primary D of a contracting triangle. Next target is minute wave iii at the most probable level of around 2,093. If the index crosses down 1,832, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
YUEXIU REIT - opportunities for more than 10% short-term gainsYUEXIU REIT seems to be tracing wave C of a correction up that should complete intermediate wave (4). The target is in the range between 4.00 and 4.30. If price crosses below 3.44, this analysis should be revised. FOLLOW SKYLINEPRO TO GET UPDATES.
Shangai Compositive Index - opportunity for returns ahead000062 seems to have finished wave (B) down of a primary contracting triangle. Wave ( C ) up will complete primary wave D of this contracting triangle. Wave C usually is a good segment to be in and the index should reach the most probable targets 1 or 1.618 of Wave (A), 2365 and 2731 respectively. FOLLOW SKYLINEPRO TO GET UPDATES.
Shangai Composite #SHCOMPThere is positive divergence and double bottom. If it breaks "Target1", next level will be "Target2"
Watching out Shangai IndexAppealing 7 months accumulation in the Shanghai Index, many opportunities ahead if it breaks above 3100. Especially watching out for underrated nano and micro companies (under $300 million market cap).