China & Trade War; Shanghai Composite Projects Rebound into April 2019… What Then?
China & Trade War; Shanghai Composite Projects Rebound into April 2019… What Then?
02/28/19 INSIIDE Track: “China’s Shanghai Composite remains in an overall downtrend (from the mid-2015 peak) that could stretch into June/July 2020 – when multi-year cycles converge. It fulfilled 2018 analysis for a year-long decline and could stretch a rebound peak into April/May 2019.
In the interim, an intermediate low could be seen in mid-March – the next phase of a ~11-week high-high-high-low-low-(low) Cycle Progression – IF a pullback is seen in the first half of March. A potential pullback into that time frame is corroborated by the fact this index is completing a 50% rebound in price and time (36 weeks down/18 weeks up).”
Late-2018 ushered in a pivotal time for Chinese equities, the Chinese currency (Yuan) and China/US relations, when decisive shifts were anticipated. The Yuan & Shanghai Composite bottomed, entering an upswing that could last into April/May ‘19 before the next important peak takes hold.
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.