China’s Shanghai Index: Poised For A Plunge

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Bearish Balance of Power may not shift on the Shanghai Index until (and if) 2000 is reached, as shown on the monthly chart below.

Otherwise, watch for a break and hold above 2500, together with a reversal, break and hold of the BOP indicator above the zero level to indicate a transference of power to bulls on this longer term timeframe.

China's Shanghai Index: Poised For A Plunge

Shanghai Composite Monthly 1994-2018

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