A over the place in the western world, but especially in America and Canada the news has been bashing China and blaming China for the stock market crash. The truth is much different from what the mainstream news media is trying to force down and propagandize to the people of the world.
Here is an interesting article by Paul Farrell of Marketwatch.com.
America’s GDP has been falling and growth has stagnated. Since the crash of 2008, there was really no economic recovery, just a bunch of lies telling people things have gotten better.
The stock market took off, but the underlying economy has stagnated. By my estimation I think the stock markets will crumble this year and get progressively worse until 2017-2018.
This video was from late November 2014. We are now in mid April, 2015. I guess or estimate that the downturn is coming soon…within a month or so. But with this Fed , easy money printed manipulated stock market you never know.
If it breaks resistance at 14800, then it is possible it may go a bit higher towards 15000. However, if it doesn’t then we are looking at a downward move to 14000 and if it crashes through that support then it goes down to next support 13600.
Looking at the weekly chart, the main trend is down, but when it hits a support for instance like 13600 a few weeks back it roared higher…where it is going to go remains to be seen in the next coming weeks.