Chinese Stocks Leading US Equities; Early-May Drop Projected… What Should Follow??
Chinese Stocks Leading US Equities; Early-May Drop Projected… What Should Follow??
04/30/19 INSIIDE Track: “China’s Shanghai Composite is fulfilling analysis for a rally into April/May 2019, with its monthly trend failing to reverse up in April. On April 19, 2019 (Date of Aggression), this index set its highest daily close – after recovering about 75% of its 2018 decline. Weekly & monthly cycles project an ensuing drop into [reserved for subscribers].”
The Shanghai Composite fulfilled upside objectives – in time and price – when it peaked on April 19 – the Date of Aggression. That ushers in the next phase of US/China economic cycles – a time that could/should trigger some selling in equities. Domestic equity cycles have been projecting a peak in late-April/early-May with several US indexes already triggering 2 – 3 week sell signals.
On a broader scale, China cycles continue to focus on a larger-magnitude paradigm shift projected to intensify in 2019 – 2021 – when economic and trade battles should continue. Military battles are also an increasing possibility as the world nears 2021. Watch mid-2019 – mid-2020!
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.