Chinese Equity ETF’s look short-term bullish after lagging for most of 2024

Short-term US Equity trends are bullish and likely begin to accelerate higher into mid-October before finding much resistance.  Despite the bearish seasonality trends, it’s hard to be too negative on recent price action, which combined with rising momentum and above-average bullish breadth, necessitates a bullish stance into October.  Triangle patterns have been exceeded to the upside for SPX, DJIA and NASDAQ, and are forthcoming for Russell 2000 index.  Following the Fed’s first interest rate cut in over four years, precious metals look to be showing parabolic strength while both the US Dollar and US Treasury yields start to stabilize.   Overall, without evidence of any serious technical damage, it’s difficult turning too negative on US equity markets. 

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