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…
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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