China tests primary support

Posted August 3, 2011 8:00 p.m. ET (10:00 a.m. AET) on Trading Diary.

The Shanghai Composite Index is testing primary support at 2650 on the weekly chart. Follow-through below 2600 would confirm a primary down-trend. Declining 13-week Twiggs Money Flow again warns of selling pressure.

Shanghai Composite Index