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Shanghai_class_b_index

Shanghai Comp. (SSE) -> Please Pay AttentionMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Shanghai Composite. The Shanghai Composite index is the leading index of China and has been trading in a long term symmetrical triangle for more than 15 years. Considering the fact that SSE entered bullish into this triangle, I do expect a bullish breakout which could happen in the next 6-18 months and then I do expect a major move to the upside. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
SSE:000001Long
by basictradingtv
12
ridethepig | SHCOMP Market Commentary 2020.08.26📌 A quiet few weeks and enjoying the last few days of summer before things get very active in markets for the rest of the year and into 2021. Global Equity buyers received their reward for their braveness play: overshoots are a weakness. See diagram below. The mysterious 2650 lows were held from the Giant Panda (PBOC), when retail threatened the attack down to make the recovery difficult the monetary side played the defence. At the same time, it also makes the inevitable far worse as the energy needed to get back to 2750/2650 is minimal. The book is very thin. Buyers have made good use of the swing higher, ignoring Covid cases and deaths and totally looking through US/China protectionism. Sellers have played the waiting game and distributed on the test of resistance 3400/3350: Prepare for a parry away as the ever present threat of covid approaches and puts further lockdown threats in play. The risk of a full blown monetary crisis has put Equities under permanent threat as the weakness comes from confidence. If consumers are not confident enough to return, or will question if clients are even able to meet, then it will not matter the amount of stimulus as the issue is far bigger than central banks. A strong move here would be to push the tempo and threaten the immediate breakdown. Live portfolio flows and chart updates resuming as 'normal' from Jackson tomorrow. As usual thanks for keeping the feedback coming 👍 or 👎
SShort
by ridethepig
6
ridethepig | SHCOMP Market Commentary 2020.02.24A bloodbath across most of Asia with SHCOMP managing to hold via PBOC intervention. Actively sold the Tokyo close as red alerts have been triggered across Global EQ Index. Those familiar with the current technical flows we are tracking will remember the PBOC dip; it was a classic example of CB intervention in attempt to stop the bleeding. The issue is that markets want to test the limits, CV is showing no signs of abating and the impact is still yet to be seen in earning and growth figures. We have retraced back to the last breakdown point and selling has begun as if a new crisis is here... Good luck all those on the sell-side in equities, a major move in the making if things do not get under control within days on the virus front. Thanks for keeping the support coming with likes, comments and etc!!
SShort
by ridethepig
4
Stochastic Flashes Sell, But Has Changed BeforeWhile moving averages at the weekly level only half bullish, the stochastic is now consistently flashing to sell while RSI heads in that direction. While this has been reversed in the past such as 2017, conditions are different. Recently, Trump indicated a trade war detente may not come until June if it comes at all as he threatens to keep tariffs on against the Chinese if they don't clean up their act, summing up his sentiment not my own. Overall, trade wars are for now here to stay and could put on downward pressure on this index as had been the case for mostly of 2018. If you would like to look at more of my work with more charts, check out www.anthonylaurence.wordpress.com
S
by WhiskeyTangoFoxtrot3