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Shanghai

Volatility Breakout in Ethereum Could Signal Further WeaknessThis chart looks at rising levels of volatility in ETHUSD Rising volatility (blue line) relative to the March peak suggests Ethereum could have more room to fall against the dollar. Some near-term support around $250 could be tested if the fade in Cryptos continues. The recent move lower has been agitated by weakness in the XLK. However, the days ahead are shaping up to be a batlle over valuation with major players lining up on both sides of the market. ETHUSD / BTCUSD / LTCUSD
BITFINEX:ETHUSD
by pwarren
Shanghai Class A index: Bulls losing steamThe Shanghai Class A index is showing some bearish signals at the moment. Even then, there's still a chance to resume the daily uptrend if price marches back up above the recent 12 bar price level at 3140.86. Ideally, we'd see a loss of bearish momentum in the next 3 bars, and then a breakout to the upside firmly closing above 3232.329 ideally, as the first precedent for higher lows. On the other hand, to confirm bearish momentum, we'd need to see 2966.49 within the next 3 bars. If long chinese equities, you'd consider closing partially, selling calls, moving stops in profit, to protect your profits (if any). Sentiment has been extremely negative for equities this week, reaching a peak on Friday, so I assume a contrarian stance and expect higher highs soon, before any real correction starts. invst.ly - A50 chart (looks more bullish, a close above 9657.5 might anticipate a strong 12.91% rally to 10880 in 2 weeks. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Ivan Labrie.
INDEX:000002
by IvanLabrie
10
Shanghai Composite: An exercise in EW and time at mode analysisIt would seem as if the Shanghai Composite Class A index has topped for some time now, as it completed an explosive wave 3 advance, culminating in an ending diagonal triangle. The correction that is unfolding is a very sharp zigzag, and it should reach the area of support below, where both monthly, quarterly and yearly range expansion bar support meet. This area happens to be my estimated fibonacci retracement 0.382 zone. The quarterly time at mode analysis suggests the rally might continue after this intense but potentially termporary setback. Regards, Ivan.
INDEX:000002
by IvanLabrie
43
Shanghai CompositeAfter check some technical analysis and comparing it with the VIX index I can conclude that Shanghai Index hasn't sink yet. The VIX index is pretty low compared to 2008/2009 levels but it's starting to fly again. About it's chart we can see two possible situations. Seems like Shanghai Composite is following 2 main channels. I recommend to take a position after the breakout of any of this channels. Also we could think the bullish channel is just a dead cat bounce, this could be true if it tries to fill the gap at 3240. So I conclude Shanghai Composite could keep going down if breaks the bullish channel making other index correct. Regards.
INDEX:000002
by UnknownUnicorn129775
Chart of The Day: DXY (7/27/15)The U.S. dollar index is sharply down, following a horrendous day for Chinese equities that did not spark any "safe haven" buying. The 8.48 percent drop in the Shanghai composite was the second worst day ever for the composite since 2007. Traders feared that the Chinese government and the People's Bank of China (PBoC) would pull any assistance to help keep their fragile stock market afloat, just as the Federal Reserve is presumably going to tighten monetary policy somewhere between a year ago and who-knows-when . The euro spiked higher on a combination of a weaker dollar and German Ifo business climate gauge snapping a series of declines. The dollar's losses are keeping steady after another disappointing durable goods print. Although beating economist expectations this month (initially), the last five months of data have been revised lower. Last month's .5 percent increase was reduced to zero. Price action, on the daily chart, is skipping along support at 96.50/55. The DXY has been unable to gain any significant momentum, following a rather poor corporate earnings report all of last week. The DXY is at a crossroads, finding itself breaking the current wave's ascending support but holding onto a minor descending support trend line. A close above these two minor support levels could send the dollar to 95.85 and, potentially, 95.30. However, if support holds, the dollar can retest 97.25 before attempting to challenge the major descending trend line near 98.15. It is important to note that trend strength is dropping with the ADX slopping over. The DMI indicator is suggesting that a bearish DMI convergence is in the works, as negative price action could take over. Expect price action to continue to chop until either major support or resistance is broken, which will have strong implications in terms of direction.
INDEX:DXY
by CommoditiesTrader
Bitcoin Price v. Shanghai IndexNice to meet you, Though I observed here for a while, it is my first post. In 2014 autumn, one member posted comparison between Shanghai Index and Bitcoin price. (See Link) At that time, the author suggested that, Chinese investors will be less attracted to bitcoin because they have more profitable market, or Chinese Stock Market. According to recent data, it seems to be right forecast at least until mid of April, when Chinese Stock Market has been totally bullish while bitcoin bearish. However, from late April, trend slightly has changed; growth of the stock slowed and even reversed for a week, and bitcoin price escaped local low of 1320 CNY and now heading 1550 CNY. If Chinese investors find that the stock is distinctly less profitable, I believe that modest bounce of bitcoin price to ~1700 CNY until late May is not only possible, but also plausible. Yet, impact of slowed stock market growth will be limited, for usual investor prefer gold and other 'safe' asset.
BLong
by Donghyeon_Lee
3