China's Shanghai Index is up against a 'rock and a hard place,' namely a long-term downtrend line, as shown on the following monthly chart of SSEC.
We'll see if it reaches escape velocity should it break out and hold above this trendline...or simply retreat.
After all, it is trading in it's "froth zone," as I described in my last SSEC post...and, historically, it's rare that it remains there very long.
Monthly chart of SSEC
