Shanghai Surprise?

Unless you’ve been laying low for a few months, living off takeout Chinese in a seedy motel somewhere while the gunmen you testified against search a five-county radius for you, you probably know that the Shanghai Composite has been a pretty accurate leading indicator for US stocks.

My pal Chris Kimble of Kimble Charting Solutions wants you to take a look at the Shanghai and the Wilshire 5000 index as both approach near-term resistance…

Says Chris:

Shanghai & Wilshire 5000 peaked together in 2007 and 2011.
Now these two index’s are facing key resistance together.  A break of this resistance would be a big plus for the global markets.
Stayed tuned per these two key markets.

 

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