The Shanghai index set a new low this year bottomed out at 2443.00 last Monday. Where price has surged nicely last week, ending the week with 5.5% gain. Now price has been trading just underneath key resistance for just a day now. With US election coming out bullish
for the US market, the only major concern now in the global market is trade war.
: Price rejects a break from current resistance level
. Profit levels to look for are 2580.00 & 2550.00 respectively.
: Price breaks current resistance level
, look for consolidation above 2680.00.