Chinese Stocks; Shanghai Composite Fulfilling Rebound into April 2019… What Next?
Chinese Stocks; Shanghai Composite Fulfilling Rebound into April 2019… What Next?
03/28/19 INSIIDE Track: “China’s Shanghai Composite remains in an overall downtrend (from the mid-2015 peak) but is neutral on a 6 – 12 month and 1 – 2 year basis. It has rallied sharply from its early-Jan. low, regaining about .618 of what it lost during its 2018 decline. In the process, the Shanghai Composite twice neutralized its monthly downtrend – reinforcing the potential for a rebound peak in April/May 2019.”
The Yuan & Shanghai Composite bottomed in late-2018, entering rebounds projected to last into April/May ‘19 before the next important peak takes hold. The Shanghai Composite is attacking decisive resistance – at 3,280 – 3,450 – and its monthly trend portends a peak in April 2019. What does that mean for the US/China Trade War? And what should follow??
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.