Sunday, June 21, 2015

Avoid Chinese stocks until $SSEC find some support

The Shanghai index is important specially when you are used to buy Chinese stocks such as BIDU or PXLW. Unfortunately, the index fell more than 12% but some chinese stocks show some strength. Lets see $SSEC chart in daily basis.

 

The free fall of $SSEC could reflect on chinese stocks. I don't know why does $SSECC fall like this but who's care since the chart tell you what should you do. $SSEC might find group near 4100 since then I don't recommend to trade chinese stocks.

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