China’s Shanghai Composite Index encountered resistance at 2100 last week. Reversal below long-term support at 1950 would signal a decline to the 2009 low of 1650*. 13-week Twiggs Money Flow below zero indicates selling pressure. Recovery above 2180 is unlikely, but would complete a double-bottom reversal.
* Target calculation: 1950 – ( 2250 – 1950 ) = 1650