The Shanghai index (SSEC) downtrend breakout continues to strengthen. It is still early days, but SSEC is now trading above the 100-day EMA. It recently just traded above the 200-day EMA. This could be the market telling us in advance that the U.S. and Chinese trade war situation will more likely be resolved. This would be bullish for the S&P 500 and bearish for BBUS.
SSEC daily chart with GMMA, and 100, 200 EMA lines. Note price breaking above descending trend-line on Jan 18, 2019.
The Shanghai index (SSEC) downtrend breakout continues to...
Add SP500 (INDEXSP) to my watchlist
 (20min delay)
|
|||||
|
Last
2,806.7 |
Change
-11.790(0.42%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 2,806.7 | 0.00 | 0.00 |
