China $SHCOMP daily RSI hit 88 today, one of the highest of all time. In the 30 years of this index, extreme momentum was very rare – associated with the early stages of massive rallies. Looks like the summer could get hot. pic.twitter.com/TL7zvEVTdA — Macro Charts (@MacroCharts) July 6, 2020 Today’s Chart of the Day […]
The Three Charts John Roque is Watching
Legendary technician, John Roque made a rare appearance on Bloomberg TV yesterday with host Abigail Doolittle. They discussed interest rates, and why he thinks Chinese stocks will outperform the US. He presents three charts; the Shanghai Composite, the 30-year Treasury bond and the S&P 500, offering some specific things to be mindful of with each. Here’s […]