Further to my post of November 17th, a bounce next (at the 40 MA…3433) and sustained rally to new highs, thereafter, is critical for China’s Shanghai Index.
Otherwise, a break and hold below the 40 MA will signal that the bearish scenario (that I outlined in the above post) is imminent, in my opinion…all three indicators on the Daily chart below of SSEC now display “SELL” signals.
