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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Cabin

Cabin

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IMPORTANT BLOG POST UPDATES...
* Trade Wars have escalated and now include diplomatic wars PLUS President Trump is cannibalizing prior U.S. market gains with his tariff tantrums against its world trading partners, while destabilizing a delicate world market balance

Monday, June 24, 2013

China's Shanghai Index Near 3-Year Lows

A close and hold below last year's low of 1949.46 could spell more trouble ahead for China's Shanghai Index, especially if the moving averages cross over again to form another bearish "Death Cross." There's no positive divergence and no indication of a reversal yet on the RSI, MACD, and Stochastics indicators to suggest that a bounce is imminent.


*UPDATE June 25th @ 11:00 am: 

The following chart shows a longer view of the Shanghai Index and shows today's closing price. You can see the weakness and downtrend that it's been in since October 2007.


The next 5-day chart shows Tuesday's intraday action...a move below last year's low and recovery to close above.

From both charts, it would appear that 2000 represents a fair value for the Shanghai to achieve and maintain to signal any kind of committed growth and renewed strength.


*UPDATE June 27th @ 12:00 noon: An interesting article on China: Bloomberg