Shanghai Composite Continues to Lead – and She's Looking to Bounce!

This is the latest chart from Chris Kimble, who this past May nailed one of the most important relationships in the markets this year when he spotted the fact that commodities and the S&P 500 were being led by the Shanghai Composite of Chinese stocks.

He’s kept us updated since and today shows us that the Shanghai has a good shot at bouncing off support here…

Says Chris:

Key world markets/herd seem to continue to follow the Shanghai index!

Support remains in place for the Shanghai index…A rally off of support in the Shanghai index should be positive for the worlds markets as they most likely will follow, again!

The worlds markets need this support line to hold, because if not, the worlds markets will go down with the Shanghai!!!   Should the CRX index break resistance, it could help keep the Shanghai above support.

You’re going to have to Click to Embiggen this bad boy…


Kimble Charting Solutions


What's been said:

Discussions found on the web
  1. คอนโดเงินเหลือ commented on Sep 17

    … [Trackback]

    […] There you will find 40909 additional Info to that Topic: […]

  2. devsecops commented on Dec 02

    … [Trackback]

    […] Info on that Topic: […]

  3. td trust easyweb commented on Dec 20

    … [Trackback]

    […] Find More Information here to that Topic: […]

  4. Institutional Repository commented on Jan 06

    … [Trackback]

    […] Find More here on that Topic: […]

  5. Regression Testing commented on Jan 15

    … [Trackback]

    […] Information to that Topic: […]

  6. wigs commented on Jan 19

    … [Trackback]

    […] There you will find 50412 more Info to that Topic: […]

  7. human hair wigs commented on Jan 21

    … [Trackback]

    […] Find More Info here on that Topic: […]

  8. Bilskrotning Uddevalla commented on Jan 23

    … [Trackback]

    […] There you will find 49088 additional Info to that Topic: […]

  9. Behringer Xenyx QX1222USB manuals commented on Jan 24

    … [Trackback]

    […] Read More to that Topic: […]