EEM, HSI, SiMSCI and China A50 are strongly correlated. They appear to be topping/have topped which is a confluent signal that should not be ignored.
Overlay shows AUDUSD, CSI 300, China A50 high positive correlation. Divergence signals turning point; weak China indices points to AUDUSD weakness also.
We look at China A50 price action on 5-minute chart, 40 minutes before People’s Bank of China cut its reserve requirement ratio. For traders who look for telltale signs before high impact news.
EEM, HSI, SiMSCI and China A50 are showing remarkable strong correlation since Jan 2015. In meantime, futures performance indicates, long gold, short NZDJPY, short WTI to be right direction ytd.
We encountered a rollover matter with our friendly broker regarding China50. They have promised to look into. In meantime, some information available here. *Latest update* posted 02 Feb 2016.