CHINA downturn and potential impact to the ASX and US markets

CHINA downturn and potential impact to the ASX and US markets
Welcome to Pete’s investing updates
In this special edition I'll be covering a brief overview of the CHINA stock market and the potential impact to the ASX and US markets.

We are not offereing financial advice but an eductaional video series.

Equities
(Show China chart)
The Xinhua sharemarket index continues to have a love affair with the downward trend line.
We said it may well continue boucing in this contracting triangular trend lines.
Signs from the Evergrande news shows a collapse is imminent and if that occurs we will see price initially drop to the lower trend line and possibly drop further into freefall.

(show ASX and US charts)
The ASX, US500 and NASDAQ all retraced back to their SMA200 lines and kept below the SMA20 trend lines.
Watch closely they don't break below the SMA200.
This will likely depend on China's Evergrande saga and if the developer is bailed out by the Chinese Communist Party. But as we said in past videos, the CCP will likely force Chinese banks bail out Evergrande. We are just following closely how the Chinese stock market responds to their real estate market.

Reference our Petes Investing playlists for historical videos on share prices and Indices as well as the strategy playlist to learn more about our investing / trading stragedies.

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