July 4th, 2013
by Chris Kimble, Kimble Charting Solutions
Could a slowdown in China not only impact other Emerging markets, could it ripple into the U.S.? The chart 4-pack below reflects that the Shanghai index is breaking support of a multi-year flag pattern, with the bottom of the flag pattern, being a support line that has been in place for 20-years.
The 4-pack below reflects that the Hang Seng index is breaking support along with EEM and VWO, two of the six largest ETF's in the U.S.! Don't overlook the potential ripple effects and impact on markets in the U.S. if these flag breakdowns continue to push lower!
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