China's economy is in sharp, absolute decline and Chinese stocks are very weak; authorities will probably have to try to do something. Cycle timing puts the next low at end-October or end-November, end-November fitting better, so Chinese stocks should fall further until then.
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We will first look at the major global stock market indices, such as the FXI and FEZ indices.
This is the FXI indicator. Now, China is in a very weak position. China's economy is experiencing a sharp and absolute decline. They will probably have to try to do something here.
Now, if you look at this cycle which has reached its lowest point here, you can see the bottoms: here, here, and here. The next expected low, if you believe in timing here, is either at this daily low here, which is the end of October, or this daily low, which is the end of November.
She believes that the end of November aligns better with this. Therefore, it seems to me that Chinese stocks will fall further until the end of November.
What this channel has said about $FXI
Steve Miller has 2 calls on this stock; only the adjacent ones are shown.