Saturday, 17 October 2015

China continues to claw upward

The Chinese equity market continues to battle upward from the Aug 26th low of 2850, with a net weekly gain of 6.5% @ 3391. Any sustained action >3400 will open up a test of the monthly 10MA (3691), which would be a bullish sign for most other world equity markets.

China, daily

China, monthly


I will continue to highlight other world markets as I see some of them as key leaders.. relative to the US. If China keeps on pushing higher... the US will almost certainly follow.

Goodnight from London

*the weekend post will be on the US weekly indexes