Shanghai Stock Exchange Composite at Long-Term Crossroads

[Pelican Press 0]

Shanghai Stock Exchange Composite at Long-Term Crossroads

When the ******** economy or stock markets are signaling an important turn or good/bad signal, the rest of the world needs to listen.

Today, we look at a long-term chart of the important ******** stock market index, the .

Could the ******** markets be nearing an important inflection point?

As you can see, the Shanghai Stock Exchange Composite (SSEC) broke down through the enormous pennant pattern. This was a bearish sell signal.

And now the SSEC is backtesting the underside of the triangle in a key test of resistance at (1). If the index can rally back up into the triangle and beyond, it would be bullish.

BUT, if the major ******** index fails here and turns lower, then it would be very bearish.

What this index does at (1) will send an important message to stocks globally. Stay tuned.

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[Shanghai Composite
#Shanghai #Stock #Exchange #Composite #LongTerm #Crossroads

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