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Is China Ready to Make a Turn?

You already know the narrative. QE3 + ECB Bond Buying + Chinese Stimulus.

Now the technicals could be lining up for a potential bottom in the intermediate term. Pattern is a bull flag in the context of a big "f*ck you candle" from two weeks ago.

Keep this in context-- longer term trend is at best neutral, and we've seen fakeouts like this in other markets-- I'm looking at you natural gas.

 

by Steven Place

Steven Place is the founder and head trader at investingwithoptions.com/