I watch Shanghai market as a leading indicator. China signalled a BUY back on 19th July with a move and close above the Daily 20ema at 2450. The 10ema (2597) > 50ema(2584) gave another BULLISH signal on 2nd August. 362pt move over 22 days from 2nd July low 2320 to High on 3rd Aug 2682 has limited upside with Resistance at 2750 and Slow Stoc way over bought at 96.
BEAR View
Shanghai stalls around 2750 level over the next 8 trading days. Then falls to 2000 by the end of October
BULL View
Shanghai finds support in the 2500-2600 level before moving up to test 3000 in the Autumn
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