Before the Shanghai Composite opened on Monday, September 23, Asian-Pacific Short Term Update editor Chris Carolan showed subscribers this chart and commentary:
[China — Shanghai Composite Index]
The mid-month selloff has the look of a completed washout low that could support a reflex rally now. There is potential here for a move back to 2850 in the Composite index
The Shanghai Composite just had its largest 4-day rally in over seven months!