ChiNext Index – China Innovation Shot Down on Mainstream Recovery Verbal Trend…

ChiNext Index – Today on ATA Research Radar 

ChiNext Index 100 largest and most liquid innovative businesses and emerging industries A-share stocks listed and trading on the Shenzhen Stock Exchange

ATA Following…

SHANGHAI INDEX 

11.10.2020 – SHANGHAI INDEX – Secular Perspective – China Bull Hard Fight…

ChiNext Index  Key Master Motives

Secular Motives 

Activated

Tech Boom Cycle  Stopped & Bear Contraction Strike

on

CHINA NEW FIVE-YEAR PLAN

&

BIDEN STIMULUS GAMBLE CHECK

with Earlier

Third Covid Wave

with

Virus Mutation – special UK – Brazil – Africa

vs

COVID Vaccines Global Hope

with

ChiNext Index Dynamic Shot Down

after

Tested 78.6% Fib Ext Big Bear Wave

2015 – 2018 Years

on

Pandemic New Reality 

CHINA – ASIA & US – Global Economy Lockdowns Scenarios

K – Recovery Scenario Mainstream Projections 

with

Pandemic Third Wave Fear Strikes Back  

&

FED-BOJ-ECB-BoE-Biggest ever Black Swans

Minsky Moment Flat Money “Printing” System

vs

Coronavirus “Ugly Duckling”-Trigger

ChiNext Index Situation 

ChiNext Index  LONG TERM SITUATION 

ATA MARKET MODEL  IN LONG TERM ACTION  

ATA MIND OVER MARKETS

Charts have No Temperature

Markets Never Wrong vs Often Mistaken 

Hope is Not a Strategy 

Follow the Trendlines  Not the Headlines 

Failed Signal is the Strongest Signal

Invest – Trade vs Don’t Forecast

ATA MARKET MODEL 

First…Market Motive…

Second…Market Technical  Pattern…

Final…INVEST & TRADE – DON’T FORECAST…

First…Key Master Motives 

China Innovation Cycle Stopped

Central Banks GIGA Easing

Pandemic Third Wave Fear Strike

Second…Market Technical  Patterns

First of All

China Bulls Reversal Process since the beginning of 2021 year

after

Tested 78.6% Fib Ext Big Bear Wave

2015 – 2018 Years

with

January & February Bear Monthly Candlesticks

Very Long Upper Shadows

vs

Present Active Testing 38.2% Fib Ret Last Bull Wave started 2018 year

ATA Investment Conclusion 

special focus on

Present Master Psychological Key Levels 2600 – 2.500

ATA Wall Street Maximes

MAJOR TOPS  WERE ALWAYS CREATED

on

SUPER GOOD NEWS

with

EUPHORY PHASE

vs

MAJOR BOTTOMS  WERE ALWAYS CREATED

on

SUPER NEGATIVE NEWS

with

PANIC PHASE

Market Trend always changed when Mainstream Media created 

One Slogan ” No Chance for Change “…

that’s why

Charts show you  Reversal Pattern First  ex ante…!!!

Risk strikes Fast…

Chart is More Important than 1000 Words…

Most Important is  Final  Smart Money Reaction….

First…EOM – March

ChiNext Index Monthly Chart

15.03.2021 – EOD

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