How Steve Miller’s view on $FXI changed

2026-10-17Bearish
“US Stock Market - S&P 500 SPX NDX RUT | Multiple Time Frame Analysis and Projections”
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.

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.

2026-10-16Bearish
“askSlim Market Week 10/16/26 - Analysis of Financial Markets”
China's economy is very weak and declining sharply, likely to have to take some action. If FXI's cycle timing holds, its next bottom is expected either at the end of October or the end of November, with end-November fitting best; therefore, FXI/Chinese stocks are expected to fall further into late November.

This is the FXI indicator. China is very weak , its economy is declining sharply, and it is likely to have to take some action. If we look at this cycle which has reached its lowest point here, we can see where the bottoms have reached here, here, and here, and the next bottom, if the timing here is to be believed, will either be at the daily low here, i.e., the end of October, or at another daily low, 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 fall further towards the end of November.