{"id":7920,"date":"2013-06-17T23:15:04","date_gmt":"2013-06-18T03:15:04","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=7920"},"modified":"2013-06-17T23:15:04","modified_gmt":"2013-06-18T03:15:04","slug":"asx-following-china-into-a-down-trend","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/17\/asx-following-china-into-a-down-trend\/","title":{"rendered":"ASX: Following China into a down-trend"},"content":{"rendered":"<p>The S&amp;P 500 is testing resistance at 1650, but declining 21-day Twiggs Money Flow warns of continued selling pressure. Breakout would signal an advance to the upper trend channel, around 1700. Reversal below 1600, however, remains likely and would indicate a correction to 1500.<br \/>\n<img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"S&amp;P 500 Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-06-17-spx.png?w=525&#038;ssl=1\" \/><\/p>\n<p>China&#8217;s Shanghai Composite Index broke primary support at 2170 on Thursday. Follow-through below 2150 would signal a decline to the 2012 low of 1950*.<br \/>\n<img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"Shanghai Composite Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-06-17-ssec.png?w=525&#038;ssl=1\" \/><\/p>\n<p class=\"target\">* Target calculation: 2150 &#8211; ( 2350 &#8211; 2150 ) = 1950<\/p>\n<p>The ASX 200 is retracing to test its new resistance level at 4900. Respect would confirm the primary down-trend &#8212; as would a peak below zero on 21-day Twiggs Money Flow.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"ASX 200 Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-06-18-xjo.png?w=525&#038;ssl=1\" \/><\/p>\n<p>The ASX Small Ordinaries Index, reflecting retail investor interest in the market, continues its primary down-trend. Breach of the 2012 low at 2040 warns of a decline to 1700*.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"ASX Small Ords Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-06-18-xso.png?w=525&#038;ssl=1\" \/><\/p>\n<p class=\"target\">* Target calculation: 2050 &#8211; ( 2400 &#8211; 2050 ) = 1700<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The S&amp;P 500 is testing resistance at 1650, but declining 21-day Twiggs Money Flow warns of continued selling pressure. Breakout would signal an advance to the upper trend channel, around 1700. Reversal below 1600, however, remains likely and would indicate a correction to 1500. China&#8217;s Shanghai Composite Index broke primary support at 2170 on Thursday. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/17\/asx-following-china-into-a-down-trend\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ASX: Following China into a down-trend&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,41,57,34],"tags":[255,270,3014,3100],"class_list":["post-7920","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-china-hk","category-stock-markets","category-us-canada-countries-regions","tag-asx-200-index","tag-asx-small-ordinaries","tag-sp-500-index","tag-shanghai-composite-index"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ASX: Following China into a down-trend - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASX: Following China into a down-trend - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The S&amp;P 500 is testing resistance at 1650, but declining 21-day Twiggs Money Flow warns of continued selling pressure. Breakout would signal an advance to the upper trend channel, around 1700. Reversal below 1600, however, remains likely and would indicate a correction to 1500. China&#8217;s Shanghai Composite Index broke primary support at 2170 on Thursday. &hellip; Continue reading &quot;ASX: Following China into a down-trend&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/17\/asx-following-china-into-a-down-trend\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2013-06-18T03:15:04+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2013\/2013-06-17-spx.png\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/17\/asx-following-china-into-a-down-trend\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/17\/asx-following-china-into-a-down-trend\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"ASX: Following China into a down-trend\",\"datePublished\":\"2013-06-18T03:15:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/17\/asx-following-china-into-a-down-trend\/\"},\"wordCount\":130,\"commentCount\":7,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/17\/asx-following-china-into-a-down-trend\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-06-17-spx.png\",\"keywords\":[\"ASX 200 Index\",\"ASX Small Ordinaries\",\"S&amp;P 500 Index\",\"Shanghai Composite Index\"],\"articleSection\":[\"Australia &amp; NZ\",\"China &amp; HK\",\"Stock Markets\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/17\/asx-following-china-into-a-down-trend\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/17\/asx-following-china-into-a-down-trend\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/17\/asx-following-china-into-a-down-trend\/\",\"name\":\"ASX: Following China into a down-trend - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/17\/asx-following-china-into-a-down-trend\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/17\/asx-following-china-into-a-down-trend\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-06-17-spx.png\",\"datePublished\":\"2013-06-18T03:15:04+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/17\/asx-following-china-into-a-down-trend\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/17\/asx-following-china-into-a-down-trend\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/17\/asx-following-china-into-a-down-trend\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-06-17-spx.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-06-17-spx.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/17\/asx-following-china-into-a-down-trend\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ASX: Following China into a down-trend\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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Breakout would signal an advance to the upper trend channel, around 1700. Reversal below 1600, however, remains likely and would indicate a correction to 1500. 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China respects primary support. ASX 200 continues to signal weakness. Momentum investors need to hold positions. The S&P 500 retraced to test its latest support level at 1950 after a downward GDP revision for the first quarter. Respect indicates medium-term buying pressure \u2014\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-06-27-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-06-27-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-06-27-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":13712,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/06\/28\/sp-500-unfazed-2\/","url_meta":{"origin":7920,"position":1},"title":"S&#038;P 500 unfazed","author":"ColinTwiggs","date":"June 28, 2014","format":false,"excerpt":"Summary: S&P 500 continues a primary advance. China respects primary support. ASX 200 continues to signal weakness. Momentum investors need to hold positions. The S&P 500 retraced to test its latest support level at 1950 after a downward GDP revision for the first quarter. Respect indicates medium-term buying pressure \u2014\u2026","rel":"","context":"In &quot;Market Insights&quot;","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-06-27-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-06-27-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-06-27-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":13709,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/06\/21\/good-week-for-the-sp-500-but-not-the-asx\/","url_meta":{"origin":7920,"position":2},"title":"Good week for the S&#038;P 500 but not the ASX","author":"ColinTwiggs","date":"June 21, 2014","format":false,"excerpt":"Summary: A good week for US markets. China continues to threaten further down-side. The ASX 200, pulled in opposite directions, is range bound for the present. Momentum strategies require persistence. The S&P 500 broke through 1950 and is expected to test the next resistance level at 2000*. Rising 21-day Twiggs\u2026","rel":"","context":"In &quot;Market Insights&quot;","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-06-21-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-06-21-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-06-21-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":7973,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/01\/asia-rallies-but-asx-meets-resistance\/","url_meta":{"origin":7920,"position":3},"title":"Asia rallies but ASX meets resistance","author":"ColinTwiggs","date":"July 1, 2013","format":false,"excerpt":"Japan's Nikkei 225 broke resistance at 13500, indicating the correction is over. Expect a re-test of the May high at 16000. Reversal below 13500, however, would mean another test of 12500. A trough above the zero line on 21-day Twiggs Money Flow would indicate a healthy primary up-trend. Dow Jones\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10577,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/08\/08\/europe-tests-primary-support\/","url_meta":{"origin":7920,"position":4},"title":"Europe tests primary support","author":"ColinTwiggs","date":"August 8, 2014","format":false,"excerpt":"Summary: Europe threatens reversal to a down-trend. S&P 500 finds support. VIX continues to indicate a bull market. China's Shanghai Composite encounters selling pressure. ASX 200 experiences a secondary correction. Dow Jones Europe Index is testing the primary trendline and support at 315. 13-Week Twiggs Momentum below zero already warns\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Dow Jones Europe Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-08-09-djeu.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-08-09-djeu.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-08-09-djeu.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":8154,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/22\/asx-200-finds-resistance-china-tests-support\/","url_meta":{"origin":7920,"position":5},"title":"ASX 200 finds resistance, China tests support","author":"ColinTwiggs","date":"July 22, 2013","format":false,"excerpt":"China's Shanghai Composite Index continues to test long-term support at 1950. Breakout would signal a primary decline, with a target of the 2008 low at 1660. Reversal of 13-week Twiggs Money Flow below zero warns of rising selling pressure. Respect of 1950 is unlikely, but would indicate a rally to\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/7920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=7920"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/7920\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=7920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=7920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=7920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}