Chinese stocks avoided their 11th consecutive day of losses overnight, closing +5.2% on the day.
Like a nice putt, we'll give this aberration in the data a golf clap. The "Trend" in the data is a crashing one. Inclusive of today's bounce, China is down -52% from the "its global this time" October 2007 highs.
My next support for the Shanghai Stock Exchange is 2696. Today the Index closed at 3085.
KM
(chart courtesy of stockcharts.com)
Like a nice putt, we'll give this aberration in the data a golf clap. The "Trend" in the data is a crashing one. Inclusive of today's bounce, China is down -52% from the "its global this time" October 2007 highs.
My next support for the Shanghai Stock Exchange is 2696. Today the Index closed at 3085.
KM
(chart courtesy of stockcharts.com)
