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Saturday, May 27, 2017

Shanghai intervention

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The Shanghai Composite Index recovered above primary support at 3100, after the state moved quickly to ease contractionary pressures from the recent crackdown on wealth management products. Rising Twiggs Money Flow signals buying pressure but the situation is artificial. Normally breach of primary support would elicit strong selling.

Shanghai Composite Index

* Target medium-term: May 2016 low of 2800

May 27, 2017 at 05:33AM

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from ColinTwiggs

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