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Quotes from the news wire:
I believe that the leading Chinese tech companies will return because of better valuation, and favorable policies.
– Hao Hong
But even if a technical reprieve could be in store, potential USD strength and mild market sentiment despite a significant plunge suggest any oversold relief will be transient, and fraught with bouts of volatility, hence, it will be very difficult to trade.
Recovering oil prices amid the epic (U.S.) snow storm will also help, and non-commercial traders have already cut their bets.
Expensive valuations, euphoric sentiment and slowing liquidity from margin lending expansion will challenge the market in the near term.
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"Hao Hong Quotes." Quotes.net. STANDS4 LLC, 2019. Web. 22 Sep. 2019. <https://www.quotes.net/authors/Hao+Hong+Quotes>.
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