Posted by skyhawk > Aug 29, 2018 03:06 PM | Report Abuse
the chart is painted by MM.........
------------------------------------------------ Agreed. But MM's painting also faced some disruptions due to Xi's recent DRASTIC counter-cyclical intervention on RMB. Now immediate term 7.00 RMB looks unlikely, like having an abortion. And there is some mispricings to HSI & HSIF even now...IMHO...
MM looks like having an unfinished business (readjustments?) at 28600 (or even more)....if :
1. Tonite ,it spend time flat-topping 28310 each hr,(parallel to USDCNY now at 6.8253) and close down 28200 near the lower gap 2. Tomorrow launch from 28200
I will join in the Long/Call march at open launch...
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richauthor
199 posts
Posted by richauthor > 2018-08-29 09:19 | Report Abuse
Open so high, wait for it to drop before entering call.