September 9, 2015
Trades & Tutorials
By Geoff Bysshe
There are two reasons to evaluate right now whether China may have bottomed.
I know the news out of China is still bad, but the news is not the best way to time a bottom in a market bottom. In fact, it’s not the news that’s the problem, it’s the market’s reaction to the news that matters.
As you’re probably well aware, bad news out of China has led to steep declines in the Chinese markets, and spilled over into markets around the world. But today the Chinese market shrugged off negative economic news and rallied.
Bad news good action? Maybe.
In today’s video I’ll look to see what it’s going to take to believe that China may have bottomed. The chart setup may have started today!
Even if you don’t have any interest in buying China, you’re interest in any other stock market in the world will likely be impacted by the answer to this question.
