China Coming into Focus.

A contrarian Technical view.

Here is the chart of the China ETF MCHI. This week we are seeing a decline towards the lows of the week of October 24, 2023. Yet, the RSI based on weekly data is at today at 36.66, well above the October 24 reading of 22.76. Our tech model is looking into taking a position here.

Merry Christmas, Happy Holidays to all, it has been a great year.