SHCOMP****We're getting closer to the bottom?SHA stock index is getting closer to our estimated bottom entry, according to our previous analysis on Feb 19.
Have you got ready to buy?
SHCOMP
SHCOMP***A Guidance to buy SHA stocksTwo entry for long term set up, should trade with well control of your positions.
Period One (Feb.-early Mar.)
Range: 3150-3200
Period Two(Apr.20-May)
Range: 2910-2950
Interesting Balance Between The East And The WestAmerica and China are the top two economy on this planet, and the capital flow between this two countries will be increase in both volume and in depth.
As shown in the chart, the ratio of DJI/SHCOMP seems reach the top area and possibly will go south soon:
1, hit suppressing line
2, macd bearish diverage
3, rsi to the dangerous high area
4, possible bearish AB=CD?(I'm new to harmonic analysis, if there were something wrong, pls point it out)
and may I guess as MSCI and the financial area open in China in the future months, money will flow from DJI to SHCOMP.
Dumplings in Shanghai, anyone?The monthly chart of Shanghai index is showing that bulls are a little tired after going up for nearly 30% since March 2016. Look closely at the last closing candle, it is a doji pattern, a signal of indecision between bulls and bears. It can come down a little before going higher or push up a little more towards the 50% FIB level, perhaps matching the opening price of 3536 on 1st Jan 2016 before coming down.
See lower time frame for further explanation
Pay attention to the support next weeks (2017-12-02)SHCOMP is coming to the support. Pay attention to the support next weeks.
The Global Stock Market (excluding US) is OverboughtThe Global Stock Market's (excluding US) Monthly RSI is Entering Overbought Territory. While not as extreme as VT, I would be careful about going long here in developed markets or emerging markets. For a while longer, I expect it will outperform the US but I think it will for in upcoming months. The ECB is planning (that may change if stocks or especially bonds fall) cutting back on its quantitative easing as is China. This drop in stimulus and liquidity will likely cause a downturn in European and Chinese markets. EDZ (3x bear) and EDC (3x bull) are leveraged emerging markets etfs. DPK (3x bear) and DZK (3x bull) are leveraged developed markets etfs.
Possible pass of SHCOMP in next few weeksI have copy and place the trend between 2017 JAN and MAR to now, it's very interesting. The high and low point perfect match the suppress and support line, amazing.
SHCOMP time at mode analysis (2017-06-08)A 14 months mode is formed in SHCOMP. It seems that it got supported on the key hidden level.
The projected price target and time target are labeled in chart.
Good luck for everyone!
It's very important time for SHCOMP next weekAs you can see, the market didn't make new highs, and there comes bearish signal, in next week if the uptrend line not hold, what's come next would be really ugly.If this uptrend not break, we might still inside an ascending triangle.
Shanghai Composite is approaching a key point (2016-12-29)SHCOMP comes to an important support level. Let's see whether it will get supported or not.
Good luck for everyone!
Shanghai DollyOn weekly basis, we are already 21 bars into weekly MACD cross, another 5 more to go. We shall see how the market behaves. weekly and daily RSI 50 is at almost the same level of 3013. If Market is kind enough to give a retrace this could be a good reference point of entry.
Can consider taking ALL or 80% profits once index hits 3400. On the HK front, the ShenZhen connect has priced in quite a fair bit already to welcome the cousins from mainland.
Clears the 2945.9 resistance, forms a 2-month base7-4-16
SHCOMP@2988.6 – near-term bullish – Clears the 2945.9 resistance, forms a 2-month base
SHCOMP broke above the 2945.9 range resistance (June 3, 2016 daily high) to form a 2-month base over 2781.2 (May 12, 2016 daily low). The base breakout signals further bullish momentum towards 3036.8 (38.2% retracement of the 3684.5/2638.3 downswing) next. Above the latter would open 3097.1 (April 13, 2016 daily high) near the 200-day moving average currently at 3108.9.
However, failure to hold above the 2922.5 support (July 4, 2015 low) would dampen the bullish momentum and extend the weakness towards the 2807.5 base area (June 24, 2016 daily low).
Outlook:
Daily: bullish
weekly: neutral
Monthly: neutral
