Brokerage stocks have been falling this whole time, so there’s no way the Shanghai Composite could avoid being dragged down!
With the Shanghai Composite being dragged down, it’s only a matter of time before the broader market falls.
I’ve told you all before: a major rebound in a bear market needs brokerage stocks to spark it. During the rebound, they can move sideways or climb with volatility—but they absolutely cannot be in a downtrend!
But brokerage stocks have been stuck below the key resistance levels from April and June, and now they’ve started falling!
All I can say is: good luck to those of you who bought the dip, and I hope you make a fortune!
I’ll stay patient and keep waiting—waiting to pick up your dead bodies!
X: print_kbar
With the Shanghai Composite being dragged down, it’s only a matter of time before the broader market falls.
I’ve told you all before: a major rebound in a bear market needs brokerage stocks to spark it. During the rebound, they can move sideways or climb with volatility—but they absolutely cannot be in a downtrend!
But brokerage stocks have been stuck below the key resistance levels from April and June, and now they’ve started falling!
All I can say is: good luck to those of you who bought the dip, and I hope you make a fortune!
I’ll stay patient and keep waiting—waiting to pick up your dead bodies!
X: print_kbar