Sunday, November 01, 2015 12:42:30 PM
10/30/15 Shanghai Composite Index
review
status:
Index closed @3,382.56 Down 4.75(0.14%) on Oct 30
Oct 23 2015 China cuts interest rates and reserve requirement
http://www.fxstreet.com/analysis/flash-comment/2015/10/23/
Oct 28 2015 Pension funds ready to enter stock market in 2016
The move is expected to unleash a potential inflow of about 2 trillion Yuan ($310 billion) into the nation's equity market
http://usa.chinadaily.com.cn/business/2015-10/28/content_22302622.htm
Note: This is a developing news, with a cap 30%, pension fund is allowed to inject 600 billion Yuan (about $ 94.4 billion ) into the stock market.
Support 3374 & resistance 3537-3564 as of 10/30
review
08/27/15 , 10/11/15
- An upward breakout (3324-3121) would be very bullish.
10/20/15
- policy makers provide incentives to push the market upward
status:
Index closed @3,382.56 Down 4.75(0.14%) on Oct 30
Oct 23 2015 China cuts interest rates and reserve requirement
http://www.fxstreet.com/analysis/flash-comment/2015/10/23/
Oct 28 2015 Pension funds ready to enter stock market in 2016
The move is expected to unleash a potential inflow of about 2 trillion Yuan ($310 billion) into the nation's equity market
http://usa.chinadaily.com.cn/business/2015-10/28/content_22302622.htm
Note: This is a developing news, with a cap 30%, pension fund is allowed to inject 600 billion Yuan (about $ 94.4 billion ) into the stock market.
Support 3374 & resistance 3537-3564 as of 10/30
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