Slope of Hope Blog Posts

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Fragile China?

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After the run-up that China’s Shanghai Index has had since July of this year, this index may be on the verge of either a sizable decline or a somewhat volatile, and possibly lengthy, consolidation shortly.

The following 3-Year Daily chart shows SSEC to be at a major resistance level, and the RSI and MACD indicators are already in decline and do not support a further advance in SSEC.