Is the CHINA downturn ending and potential impact to the ASX and US markets

Is the CHINA downturn ending 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. Has it finally started to change course?
It finally broke out of these contracting triangular trend lines.
Signs from the Evergrande news are still not positive. We need positive and I quote bail out news from the evergrande saga before being on board with this index adjusting to the positive side.
Also we need to see it break above the SMA200 trend line.

(show ASX and US charts)
The ASX & US500 finally break above 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.

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