China Stock Analysis Benchmark Dow | AmiBrokerAcademy.com
January 10, 2016
Stock Analysis – China Stock Analysis
China Economy Benchmark – Shanghai SSE Composite Index
After reaches the peak at end November last year, the index start to tumble down. Breakout below a resistance turn support. But the index come back to retest the major level again but fail to breakout. But just at the start of the new year, 2017 everything turns up. SSEC breakout the key level. Can this be a trap? Will see.
Benchmark SSEC to Dow, Dow Jones Industrial Average, we see the similar moves, except SSEC is in a large scale like zoom in. …
After November last year, SSEC has change the direction and forms the lower high and lower low after the peak.
Watch out, the breakout, the high is higher than the recent high.
Shanghai SSE Composite Index and Reversal
Dow Jones Industrial Average – Leading Indicator to global economy and markets
Moses Stock Desk
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