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Shanghai composite looking to breakout
已更新
Looks like the Shanghai Composite is in position to breakout in the future like the S&P 500 broke out recently. Big earnings beats from BABA, BIDU, WYNN are also positive for a potential breakout in Chinese stocks. Look to go long in Chinese stocks, FXI, BIDU, BABA, WYNN from now till end of year.
注释
Historic negative correlation to USDCNY meaning if potential phase I trade deal were to get signed USDCNY will trend downwards as SHCOMP will potentially breakout.
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