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Monday, January 05, 2015

Blow-Off Top In Store for China's Shanghai Index?

With price approaching a major support level at 0.600 on this 3-year Daily ratio chart of the SPX vs SSEC (and diverging RSI), and with price essentially vertical on the 3-year Daily chart of the SSEC (and diverging RSI, MACD and Stochastics indicators), I'd say that we're close to a blow-off top on China's Shanghai Index.