As I've said over the last couple of weeks, I believe that Chinese Equities remain a good investment on the high timeframes, as they're still trading inside high-timeframe accumulation ranges.


While $SPY fell almost 3% on Friday, the $HSI fell a little over 1%.
Friday might not be the best example, however, as every market sold off, including commodities, crypto, US equities, and Chinese equities, but the $HSI still held up better.
The reason, in my view, is that Chinese Equities remain undervalued on a long-term basis.
Even though they have underperformed the US market over the last couple of months, I think they offer a good diversification opportunity to gradually rotate profits over the coming weeks from US equities, which have become overextended, into Chinese Equities, which are still trading inside high-timeframe accumulation ranges.
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