China's Predatory Tactics Against US Companies

U.S. Attorney General Bill Barr spoke on July 16 at the Gerald R. Ford Presidential Museum and blasted China's predatory tactics against US companies. Tech companies and Hollywood did not escape criticism.

A transcript of the AG's prepared remarks can be read at this link.

China's Shanghai Index (SSEC) dropped below 3300 last week after briefly piercing it, as shown on the following weekly chart.

The sellers have regained control of the Balance of Power on this timeframe.

If the SSEC fails to reclaim and hold above 3300, and if buyers fail to return convincingly, it could drop to around 2800, or so, inasmuch as 3300 seems to be the Bull/Bear line-in-the sand at the moment.