Shanghai Reversal Last Night – What Does it Mean?

Shanghai Reversal Last Night – What Does it Mean?  ”Outside Reversal Day” Looking at both A Shares and Shanghai Comp Index.

Public Domain image courtesy Alex Needham: http://en.wikipedia.org/wiki/User:Alex_Needham

The Shanghai Stock Exchange, Pudong


China A Shares and Shanghai Comp:    Rightly or Wrongly, China is a leading indicator.  China has had a big move (19%) off the bottom.                                 

Big reversal last night – outside reversal – traded through the highs of the 15th and 21st…then closed lower and effectively on the lows.

This is a big move to watch next couple days.  If you get confirmation next couple days to confirm it and get back to overnight high and above its game back on and you go from there…

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