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One of the more noteworthy developments in recent days has been the move in Chinese stocks. The KraneShares CSI China Internet ETF (KWEB) fell 1.29 percent to 60.53 Friday, bringing its YTD gains to more than 74 percent, outperformed the S&P by a wide margin. Now the question is whether recent pullback is a pause that refreshes or it’s a beginning of something worse? Below is an update look at a trade in KWEB.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges. As shown, the underlying is in a short-term bullish trend when the price bars are painted in green. The underlying is in a short-term bearish trend when the price bars are painted in red.

Chart 1.1 – KraneShares CSI China Internet ETF (daily)

Our “U.S. Market Trading Map” painted KWEB bar in red (sell). After a strong run of outperforming, the ETF peaked just above 61. Last Friday’s selloff signaled…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

 

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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