I Am Extremely Bullish on China Part 2News that the President's of China and the United States
at the US invitation,will meet at next weeks G-20 meeting
for a leaders discussion on trade war issues, sent Chinese stocks
up sharply, as the market seemed to take seriously,
the prospect for some kind of economic truce between the two nations.
Direxion's Triple Bull China ETF , YINN
the vehicle that I use to go long Chinese stocks,
rose almost 9 % on 6/19.
Chart shown here, shows the powerful gap up
out of a descending base, on huge volume.
I am long here,using any pullback,towards 19.50,
to accumulate additional position in YINN
Conclusion;
A bottom of important technical significance,
appears to have been made in the Chinese stock market.
THE_UNWIND
6/19/19
NEW YORK
