Tuesday, November 16, 2010

Shanghai Composite Very Short-Term: Positive Divergence


Here's a 60-min chart of the SSEC. Note the 3-wave decline (so far) from the recent high of 3180. Also note the positive RSI divergence on the latest decline. And coupled with support around the 2850 region, a bounce is likely here in the very short-term towards the 3050 region initially.
blog comments powered by Disqus