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China Stocks Sending Troubling Message To The World

Published 03/25/2021, 10:28 AM
Updated 07/09/2023, 06:31 AM

Long-Term FXI ETF Monthly Chart.

Is big trouble about to hit China? If history is a guide, the answer is yes.

This chart looks at iShares China Large-Cap ETF (NYSE:FXI) on a monthly basis over the past 15 years. FXI has found line (1) to be resistance three different times in the past 13 years.

At this resistance line, it has declined 35% or more each time. Last month, it created a large bearish reversal pattern while testing this resistance line at (2).

So far this month, FXI is attempting to break one-year rising support.

If FXI closes below this support line at the end of the month, it sends a troubling message to stocks around the world.

Latest comments

Great research.  Stocks, bonds, real estate, collectables, etc. are so detached from reality it isn't even funny.  The lowest interest rates in more than 3000 years have fueled bubbles, the likes we have never seen.  Central bankers and their employers, all governments have created this through gross negligence.  ****is coming.
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