Shanghai Index - Update
The Shanghai index has been putting in tops every 2 months. In the above chart I marked off the 2 month cyclical highs with orange arrows. It appears that the Shanghai Index is now headed for a test of its 50 day moving average.
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2 comments:
Which ETF plays Shangai? I don't think FXI mirrors it.
Kevin,
I noticed the same thing about the U.S. markets to the extent that there is a 2 month cycle the difference being sometimes it's a bottom as it was in March but mostly tops. So... maybe China is actually leading our markets. 1st or 2nd week of May is my projection for U.S. market.
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