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On August 6th, we reported that the Shanghai's RSI showed there was a "crack in the ice" which increased risk levels for investors. That "crack in the ice" continued over the past few weeks with China's stock market getting into deeper trouble.
China's Shanghai Composite fell -6.74% last night, and that down move put the Shanghai back into a Bear market mode.
Below is the chart for the Shanghai 180 Index. (We post it every day on our Advanced subscriber paid site.) Note the dramatic drop that occurred last night. Also note that the C-RSI is negative and moving lower ... and that our Super Accelerator has been dropping sharply for weeks and it is now in Bear territory.
The question now is: What will be the 'spill over" affect for our markets?
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