The Shanghai Shuffle ‘n Surge

China’s Shanghai Index has been quietly rallying since it approached the 2000 major support level once again in mid-June, as shown on the Daily chart of SSEC below. A recent surge has pushed price above the 200 MA, while the RSI, MACD, and Stochastics indicators remained above the zero levels and continued to rise. Near-term support sits around 2090…a hold above this level […]
Slope of Hope

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