XJO 0.10% 8,212.2 s&p/asx 200

14/08 Indices, page-233

  1. 2,412 Posts.
    lightbulb Created with Sketch. 2608
    There's a lot of markets making big moves atm but IMO what happens in China this week ranks as must watch.

    China 50 has now broken a major volume level and is now testing an important support.

    A breakdown here could open the floodgates.
    However, major supports on the CN50 do have a knack of finding fresh new stimulus from Xi...

    Below is daily chart showing near term support.

    Also weekly showing the major bottom below.

    Note that bottom level (to the decimal point) - only in China can markets be so precise!

    Who said markets are manipulated
    .
    https://hotcopper.com.au/data/attachments/5520/5520958-5cfd8af470c9d236cecc9b22e45e251a.jpg
    https://hotcopper.com.au/data/attachments/5520/5520961-540b06bc4cd55e371df40508c6393c1d.jpg
    https://hotcopper.com.au/data/attachments/5520/5520964-e1e1a955e126dea1d6e2803c4779c0b0.jpg
 
watchlist Created with Sketch. Add XJO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.