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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Dog Days

Dog Days

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Saturday, July 18, 2020

China's Predatory Tactics Against US Companies

U.S. Attorney General Bill Barr spoke on July 16 at the Gerald R. Ford Presidential Museum and blasted China's predatory tactics against US companies. Tech companies and Hollywood did not escape criticism.

transcript of the AG's prepared remarks can be read at this link.


China's Shanghai Index (SSEC) dropped below 3300 last week after briefly piercing it, as shown on the following weekly chart.

The sellers have regained control of the Balance of Power on this timeframe.

If the SSEC fails to reclaim and hold above 3300, and if buyers fail to return convincingly, it could drop to around 2800, or so, inasmuch as 3300 seems to be the Bull/Bear line-in-the sand at the moment.