Otherwise, watch for a break and hold above 2500, together with a reversal, break and hold of the BOP indicator above the zero level to indicate a transference of power to bulls on this longer term timeframe.
Tuesday, January 01, 2019
China's Shanghai Index: Poised For A Plunge
Bearish Balance of Power may not shift on the Shanghai Index until (and if) 2000 is reached, as shown on the monthly chart below.
Otherwise, watch for a break and hold above 2500, together with a reversal, break and hold of the BOP indicator above the zero level to indicate a transference of power to bulls on this longer term timeframe.
Otherwise, watch for a break and hold above 2500, together with a reversal, break and hold of the BOP indicator above the zero level to indicate a transference of power to bulls on this longer term timeframe.