The USA vs CHINA a view over the 2 Index by ThinkingAntsOk

Google+ Pinterest LinkedIn Tumblr

USA vs China

-Trade War between those two country’s has shown how the markets react on a Negative way to this kind of events.

-Since May 1, Sp500 futures have been falling 5% from Historical Higher highs due to conflicts with China, however, China Index has been on a bearish movement since 17th of April accumulating a bearish move of -10,21%, more than twice of the E-mini SP 500

-While this conflict keep on going we can expect markets to keep reacting on a negative way

-On E-Mini Sp500 we can see that price is inside a bearish channel since the beginning of the movement, this channel has been working as the main trend of that move.

– By Elliott wave theory we can label this structure as a Complex corrective form “ Triple – Threes” and we can expect price to reach again the bottom trendline of the bearish channel , before starting a correction of the whole down movement

– On China Index if price consolidates below 10645.00 we can expect a continuation of the bearish trend towards 9962.00

Click here to go to original post. All rights reserved to the original post owner.

Easy and intuitive for beginners, and powerful enough for advanced chartists – TradingView has all charting tools you need to share and view trading ideas. Real-time data and browser-based charts let you do your research from anywhere, since there are no installations or complex setups.

Write A Comment