Lots of unusual things happening in China at the moment…
Reports of large military movements heading toward Beijing…
Nothing actually confirmed as yet, but lots of speculation going around on Twitter and Tele.
Xi Jinping (I doubt that) some saying he’s consolidating power. All just before a big CCP meeting confirming his third term.
Let's see what happens.
“PLA military vehicles heading to Beijing on Sep 22. Starting from Huanlai County near Beijing & ending in Zhangjiakou City,
— Rumrunner17 (@canadawine17) September 23, 2022
From We the Media
The military movement and even the flight cancellations in China could likely just be security for confirming Xi’s third term. I personally doubt there’s any coup against Xi (full control)
But many in the rest of the world seems to be going nuts with it
— Rumrunner17 (@canadawine17) September 23, 2022
Rightnow China airspace is as clear as water. pic.twitter.com/TjdwsmK809
— Raj (@justherenoww) September 23, 2022
China ETF closing strong into the close.
So they are going to view the Xi Coup economical positive at the key SPY and QQQ support levels on the daily charts.
Why not, he had that country shutdown for so long. They had enough in China. pic.twitter.com/paf1svd2bC
— WingGirl Trader (@WingGirlTrader) September 23, 2022
h/t Flying Elvii