TSLA
Tesla
-- 277.565 NVDA
NVIDIA
-- 120.030 AMD
Advanced Micro Devices
-- 113.080 MLGO
MicroAlgo
-- 12.150 PLTR
Palantir
-- 95.758 
Here is the Selling
Bearish Technical Signals
I warned about some selling in the near term in this previous post. Check out the link below to get a more in-depth look into the outlook for the.
The selling has been generally taking place in most markets around the world for the past few trading days. It seems like an easy time to go short. Of course, you don't want to get trapped shorting the bottom.
So, how long will the selling last?
The last batch of economic data from China showed a slight expansion. If the data continues to show improvement, then maybe the Hang Seng can finally climb out of this multi-year slump in chinese equity markets.
Remember, the stock market will likely show improvement before the economic data. So keep that in mind.
Many corporations have forecasted a rough last quarter in the markets. This could possibly be just the start.
Nobody knows for sure how long the selling will last. Whatever the case may be, here are the major support levels I am watching for a potential rebound in price action. I mentioned these price points in a previous post. You can see them in the chart below.
If I see a valid catalyst show up in the headlines around these price points and the market reacting near these support/resistance levels at the same time, then I would place my swing trade accordingly.
I should mention that currently, the price is just below the 18250 level. If the price keeps falling, then 17550 is the next area of possible support.
As always, this is not investment advice. Good luck trading. Be careful and be patient. Dont anticipate the market. Rather, participate in the market. Give your investments time. Don't be greedy. Don't invest in anything you don't understand. Don't put all of your eggs in one basket. Don't listen to the hype. Don't fomo or panic into or out of trades. Do your own due diligence. And just follow the trends. A trend is your friend.
$TENCENT (00700.HK)$ $SSE Composite Index (000001.SH)$ $CSI 300 Index (000300.SH)$ $SZSE SME 100 Index (399005.SZ)$ $FTSE Singapore Straits Time Index (.STI.SG)$ $NIO-SW (09866.HK)$ $NIO Inc. USD OV (NIO.SG)$ $NIO Inc (NIO.US)$ $BILIBILI-W (09626.HK)$ $Bilibili (BILI.US)$ $Baidu (BIDU.US)$ $BIDU-SW (09888.HK)$ $XPeng (XPEV.US)$ $Li Auto (LI.US)$ $BYD COMPANY (01211.HK)$ $BYD Company Limited (002594.SZ)$ $HSI Volatility Index (800125.HK)$ $Hang Seng Index (800000.HK)$ $Hang Seng TECH Index (800700.HK)$ $S&P/ASX 200 (.XJO.AU)$ $S&P/ASX 100 (.XTO.AU)$
$Direxion Daily CSI China Internet Index Bull 2x Shares ETF (CWEB.US)$ $China Alphadex First Trust (FCA.US)$ $Wisdomtree China Ex-State-Owned Enterprises Fund (CXSE.US)$ $S&P Asia 50 Index Ishares (AIA.US)$ $KraneShares SSE STAR Market 50 Index ETF (KSTR.US)$ $RAYLIANT QUANTAMENTAL CHINA EQUITY ETF (RAYC.US)$ $iShares China Large-Cap ETF (FXI.US)$ $Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR.US)$ $Franklin Templeton Etf Tr Ftse China Etf (FLCH.US)$ $db X-trackers Harvest CSI 500 China A-Shares Small Cap Fund (ASHS.US)$ $iShares MSCI China ETF (MCHI.US)$ $KraneShares CSI China Internet ETF (KWEB.US)$ $KRANESHARES CICC CHINA 5G AND SEMICONDUCTOR INDEX ETF (KFVG.US)$ $Global X Funds Global X Msci China Consumer Staples Etf (CHIS.US)$ $Global X FinTech Thematic ETF (FINX.US)$ $Global X MSCI China Industrials ETF (CHII.US)$ $Global X MSCI China Energy ETF (CHIE.US)$
$Invesco QQQ Trust (QQQ.US)$ $iShares Russell 2000 ETF (IWM.US)$ $VIX Index Futures(APR5) (VXmain.US)$ $SPDR S&P 500 ETF (SPY.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Gold Futures(APR5) (GCmain.US)$ $E-mini Dow Futures(JUN5) (YMmain.US)$ $E-mini S&P 500 Futures(JUN5) (ESmain.US)$ $E-mini NASDAQ 100 Futures(JUN5) (NQmain.US)$ $E-mini S&P MidCap 400 Futures(JUN5) (EMDmain.US)$ $E-mini Russell 2000 Index Futures(JUN5) (RTYmain.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $VIX Index Futures(APR5) (VXmain.US)$
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Who Am I : Die Liao
SpyderCall OP : @102640653
How do you think the Hang Seng will finish the week? Any insight?
SpyderCall OP Who Am I : what is "liao?" I'm lost in translation.
Moomoobo SpyderCall OP : it's a dialect slang. meaning 'already'
SpyderCall OP Moomoobo : got it
I think he is a little mad that the market is dropping. I hope he isn't losing money 
102923091 : So you think China is a sitting duck
102640653 SpyderCall OP : It should recover on Friday
SpyderCall OP 102640653 : And then Chinese CPI will be released after all world market close. Do they normally release CPI on a weekend?
102640653 : It is during lunch hour or before market start
SpyderCall OP 102923091 : I wouldn't say that. I don't follow the chinese economy as much as I should but I like China as an investment. The market just needs to get out of this long-term slump.
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