$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ $SSE Composite Index (000001.SH)$ $Direxion Daily FTSE China Bear 3X Shares ETF (YANG.US)$
Just got criticized, I attach the drawing I made.
$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$
Just got criticized, I attach the drawing I made.
$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$
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$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$
As for the stock market crash, I personally believe that it is highly unlikely. This time, the national team openly supported the market and released various policies to suppress internal selling pressure frequently, showing sincerity. Although it is uncertain how foreign capital will react. However, it is undeniable that the national team is actively influencing market sentiment after the holiday, preventing excessive highs and sharp declines in a short period of time, which is quite reasonable.
From a technical perspective, look back at previous stock market crashes. $SSE Composite Index (000001.SH)$ Looking at the historical extent of stock market crashes, in 2005 it was 450%, in 2015 it was 150%, today it is only 35%, and it has retraced by about 13%. It is clear that many funds have not entered the market yet, they are all observing. Just a 35% surge and a significant retracement, thinking that a stock market crash will happen. Is this reasonable in the current era of massive liquidity injections? From the perspective of candlestick structure, the bottom is at 2700, with a 2B bottom exploration support followed by a strong rebound, reaching up to 3700, but failing to break through due to strong resistance above. Then, on a weekly candlestick level, there is a triangular convergence pattern, in short, breaking on either side will determine the direction for the next few decades. For top speculative traders at the weekly level, the stop loss at this position only needs to be placed at 2700, with a very large risk-reward ratio. Victory means seizing the extremely bottom position of the rising trend for the next 10-20 years; defeat means a painful exit at 2700, leading China into a long bear market. Therefore, the risk-reward ratio is very favorable, which is why some prominent figures are bullish and heavily invested. For long-term speculators, this position is very reasonable.
As for the stock market crash, I personally believe that it is highly unlikely. This time, the national team openly supported the market and released various policies to suppress internal selling pressure frequently, showing sincerity. Although it is uncertain how foreign capital will react. However, it is undeniable that the national team is actively influencing market sentiment after the holiday, preventing excessive highs and sharp declines in a short period of time, which is quite reasonable.
From a technical perspective, look back at previous stock market crashes. $SSE Composite Index (000001.SH)$ Looking at the historical extent of stock market crashes, in 2005 it was 450%, in 2015 it was 150%, today it is only 35%, and it has retraced by about 13%. It is clear that many funds have not entered the market yet, they are all observing. Just a 35% surge and a significant retracement, thinking that a stock market crash will happen. Is this reasonable in the current era of massive liquidity injections? From the perspective of candlestick structure, the bottom is at 2700, with a 2B bottom exploration support followed by a strong rebound, reaching up to 3700, but failing to break through due to strong resistance above. Then, on a weekly candlestick level, there is a triangular convergence pattern, in short, breaking on either side will determine the direction for the next few decades. For top speculative traders at the weekly level, the stop loss at this position only needs to be placed at 2700, with a very large risk-reward ratio. Victory means seizing the extremely bottom position of the rising trend for the next 10-20 years; defeat means a painful exit at 2700, leading China into a long bear market. Therefore, the risk-reward ratio is very favorable, which is why some prominent figures are bullish and heavily invested. For long-term speculators, this position is very reasonable.
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$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ Regarding whether to watch the night market or pre-market tomorrow, I am currently fully invested, with no emergency funds left, so I will opt for a conservative approach first, partially cutting losses, reallocating to crypto and US stock. I don't hold much hope for Saturday's meeting, personally bearish, but do not deny that many big Vs are short-term bears, medium-term bulls, and long-term bears. I also find it quite reasonable, especially considering the high 3x leverage. My single leveraged etf on the other side will remain unchanged as there is no need to act on a medium-term bullish outlook. As for the reason for reallocation, truth be told, the first significant loss in life of 30% of total funds and the recent frequent opportunities in crypto and US stock markets (memes, Tesla) make me plan to observe the market opening tomorrow morning and choose to cut losses by 20-50%. Wishing for consistency between my words and actions, peace.
Also, I will not touch Class A in the future. The stinky fool, the opaque communist corrupt and abusive high-ranking bureaucrats are beyond redemption. Continuing to play in this information-blocked negative-sum market, the communist people all look down on you.
A magnificent country, extremely pitiful.
Lastly, I quote the words of the well-known Taiwanese live streamer Ray -- "fxxk china !"🔫
Also, I will not touch Class A in the future. The stinky fool, the opaque communist corrupt and abusive high-ranking bureaucrats are beyond redemption. Continuing to play in this information-blocked negative-sum market, the communist people all look down on you.
A magnificent country, extremely pitiful.
Lastly, I quote the words of the well-known Taiwanese live streamer Ray -- "fxxk china !"🔫
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$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$
Pay close attention tomorrow morning, watch out for false/true breakthroughs downwards, exit immediately if there is a true breakthrough, indicating that china is in short-term trouble. To distinguish between true and false breakthroughs, you can observe the volume at a small time level, as well as the block orders and capital trend. This wave is very dangerous, essentially a pure gambling situation starting at 64, as the intraday price is clearly leading by 6 points from the night market, which is 2 points in the domestic market. Not exceeding expectations, funds may randomly dump and retreat (example: tesla today), subsequently affecting the opening of the major A-share market next Monday in terms of hitting the lower or upper price limit.
There was a slight mistake, will correct it later.
Pay close attention tomorrow morning, watch out for false/true breakthroughs downwards, exit immediately if there is a true breakthrough, indicating that china is in short-term trouble. To distinguish between true and false breakthroughs, you can observe the volume at a small time level, as well as the block orders and capital trend. This wave is very dangerous, essentially a pure gambling situation starting at 64, as the intraday price is clearly leading by 6 points from the night market, which is 2 points in the domestic market. Not exceeding expectations, funds may randomly dump and retreat (example: tesla today), subsequently affecting the opening of the major A-share market next Monday in terms of hitting the lower or upper price limit.
There was a slight mistake, will correct it later.
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$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ The future market is very clear, first look at how the usa CPI at 20:30 is, then the results of the Saturday meeting. The former affects the US rate cut expectations, while the latter affects the confidence of shifting from short-term sentiment bull to long-term policy bull.
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$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ Round 2 game begins, my intuition in the game usa CPI, should be quite intense, affecting the closing price Monday opening price, corresponding to market long bullish confidence and expectations of tough policy implementation.
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$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ Compared to the domestic market, the YINN in the overseas market has more northbound funds, with the injection of foreign capital, so the premium for the price increase will be slightly higher. The difference in premiums can indicate future expectations, where options and futures, with high flexibility and excellent risk-return ratios, are more likely to be favored by smart funds. Therefore, short-term future expectations can be determined by the implied volatility of in-the-money (slightly lower risk, slightly lower risk-return ratio) and out-of-the-money (slightly higher risk, better risk-return ratio) options.
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$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ The pre-market sentiment is very good, predicting that the index will open slightly higher. Whether multiple stocks will hit the limit again depends on the sentiment in the mainland. If it goes up today, the bull market will continue; if it goes down and breaks through support, we also need to pay attention to how the meeting on Saturday will turn out (expectations must be high). Therefore, today there are only two options: going up and consolidating, and the range of consolidation must be very small. A slightly larger range will trigger panic. The domestic sentiment is currently fragile, whether the bull market will continue depends on today, and whether it can transition from a frenzy bull to a slow bull will be seen on Saturday. Remember, the market trades expectations and sells facts. From today until Friday, the probability is mostly about trading on Saturday's meeting and the USA CPI, so today's data, Saturday's policies are very important! Hope that the incompetent bureaucrats will wake up, pay attention, don't overlook the big picture because of minor issues. The people's money is the country's money, keep that in mind.
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$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ Speculating on tonight, wait and see how the market opens tomorrow. Good luck to China. If things don't go well, get ready for a chain of economic crises hahaha. The Old Americans are finished, it's your turn, next is the uprising, the late Qing Dynasty.
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Kai X OP : I have to say, although it's difficult to draw on the platform, it looks good when drawn. $Futu Holdings Ltd (FUTU.US)$ Extra points
Kai X OP : From my chart, 3700 is indeed a good shorting position, as it is the OB coming down from the previous high. But should the take profit be set at 2700? No way, I would be jumping off a building at 2700.
Kai X OP 102539156 Dan : Based my drawings, I would like to see the candle break through the resistance above in the next step, whether fast or slow; Otherwise, if the candle breaks through the first support below, the trend will be lost.