The global equities market has been in a tailspin this year.
But could it get worse yet?
Today we look at a very important piece of the global equities complex: China.
Today’s “monthly” chart of the China large cap ETF $FXI highlights the risk that China may be breaking below a 10-year price range (blue shade area). It is already trading below it… but we’ll have to watch the monthly close. Further selling would indicate a retest of the 2009 lows is underway.
This may explain the recent bubble up in volatility. Will there be big trouble for big caps in China? Stay tuned!
$FXI China ETF “monthly” Chart
Note that KimbleCharting is offering a 2 week Free trial to See It Market readers. Just send me an email to email@example.com for details to get set up.
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.