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We are seeing something we haven't seen in a long time in regards to Chinese equity indexes: majors breaking above/flirting with the negative trend line and trading "well" above the 50 day moving average.
We know of very few China bulls here. A close here or higher means the entire China bear trade could get painful.
We stick to our China long logic (sent to our paying subs last week as part of the new ZH premium thematic email service. Still not premium? Welcome to sign uphere).