Short FXI along with SPY for a correction (Week of Sept 25)
FXI had a strong week bounced off weekly cloud. The bounce is much due to USDHKD weakness as PBOC stepped in to intervene the weakening HKD. However, that costs foreign reserve and its not sustainable. With my idea of short SPY the next week. The bounce should fade away.
Weekly we can see a wide green bar but with volume lower than last week. This is either short covering or bears waiting to short at higher level. I suspect it will go down along with the falling widened wedge to test green cloud support. After that, just like SPY, a strong buying opportunity all the way to the top, where the peak will be set.
China and U.S trade news just came out this weekend. Suppose buy rumor sell the news. The rumor previously was bought and my thought is the news will be sold.
I linked to my previous short FXI idea. It is still in play, although a decent bounce.
Weekly we can see a wide green bar but with volume lower than last week. This is either short covering or bears waiting to short at higher level. I suspect it will go down along with the falling widened wedge to test green cloud support. After that, just like SPY, a strong buying opportunity all the way to the top, where the peak will be set.
China and U.S trade news just came out this weekend. Suppose buy rumor sell the news. The rumor previously was bought and my thought is the news will be sold.
I linked to my previous short FXI idea. It is still in play, although a decent bounce.
Giao dịch được đóng thủ công
Sold 
YANG with 6% gain from last friday. FXI tracks spx, so I suspect it is going to go up.Giao dịch đang hoạt động
Reopened, we are crashing
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.