$SPDR S&P China ETF(GXC.US)$
Wake up please, its about time!

$SPDR S&P China ETF(GXC.US)$
Zoom out to month chart and u will see a distinctive pattern.. Its a correction but its the speed and velocity that is alarming.
Price reached the target 40 percent correction in record time compared to mkt turbulence in 2015
Zoom in weekly chart
Price closed the gap (29 Jun 2020) .
Head & shoulder pattern. Price broke neckline. The measure distance should be 92.3
However, there is a multiple confluence of zone at 107 ish.
Bullish pin bar forming on day chart. Hence expect a rebounce.
Draw a straight line from top to bottom, chart presents a perfect sig wave.
Sell volume is decreasing..
To summarize
There is a good chance of rebounce, even though there is a lingering concern, drop to measured target distance of H&S. Price can go lower Unless pattern smooth out.
I am thinking, price will rebound, then retest the low. 104.7...

https://youtu.be/MHbpFGycHPU
This video captures the key points, but the presenter did not address the diff type of inflation. Cost push, demand pull and monetary inflation. The synergy of the moving parts and how it will hasten the velocity of money, crash of corporate America and bring down the sovereign debt market.
China has some prior experience. I wondered if the regulatory efforts now e.g. Reduction of credit margin, strict credit control on banks and financial institutions and strengthening the oversight of gaint corporations aims at prevent the "havesting".
Look like actions "crackdown" by chinese Govt may be in a way positioning itself to come out better in the next crisis. This may be also a flag in my view that something is brewing....