FXI/Chinese stocks are expected to continue declining until end-November; with China's economy collapsing badly and a policy response likely, the cycle-bottom timing indicator points to end-October or end-November, and end-November fits best.
BearishHe framed it in weeks
“REPLAY - US Stock Market - S&P 500 SPX NDX RUT | Price Projections & Timing”
Steve MillerPublished Oct 19 · 3 passages
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This is the FXI indicator. China is very weak, and its economy is collapsing badly. China is likely to try to do something. If you look at this cycle which has reached its lowest point here, you can see the locations of the bottoms: here, here, and here.
The next indicator, if we take the timing seriously, will be either at the lowest daily level here, i.e., the end of October, or at another lowest daily level here, i.e., the end of November.
As you can see, the end of November corresponds best with this. Therefore, it seems to me that Chinese stocks will continue to decline until the end of November.
What this channel has said about $FXI
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