Are these highly correlated Asian stock indices topping?
Traders should decide if this is a signal
EEM, SiMSCI, Hang Seng and China A50 have shown time and again a high level of correlation. Traders must decide whether they have topped, possibly resuming December – February bearish trend.
EEM is based on the very significant MSCI Emerging Markets Index which has 837 constituent stocks from 23 countries.
Recent stock index analyses:
Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.
“Dear reader, I do not have a financial license to give advice. I do not know you the reader. Your financial objective and risk tolerance may be different from mine. I am not responsible for any consequence of your action.