Friday , 21 June 2024

This Indicator at a Crossroads As to Direction of Future Global Growth

The Shanghai Stock Exchange Composite (SSEC) index is at a crucial crossroads with serious implications as to whether or not slower global growth is at hand. Take a look at where it currently is and continue to watch closely in the days ahead.

So says Chris Kimble ( in edited excerpts from his post* entitled Shanghai index forming a very bullish pattern?

Lorimer Wilson, editor of (A site for sore eyes and inquisitive minds) and (Your Key to Making Money!), has edited the article below for length and clarity – see Editor’s Note at the bottom of the page. This paragraph must be included in any article re-posting to avoid copyright infringement.

Kimble goes on to say, in part:

The 18-month decline in the Shanghai index [see chart below] brought it down to the six-year support line (1) recently. While at this line the index might be forming a “Bullish inverse Head & Shoulders” pattern at (2), the global growth picture would benefit “IF” this pattern read is correct!


The worlds markets NEED the SSEC index to push higher from here.  A break of support line (1) would reflect that the bullish pattern failed and send a signal that slower global growth is at hand!


Editor’s Note: The above post may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.

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