Shanghai Composite remains relatively weak

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

Despite a big bounce on Monday's currency news, the Shanghai Composite ($SSEC) remains within a trading range and continues to show relative weakness. After a sharp decline in April-May, the index formed a triangle consolidation around 2550. Watch these boundaries for the next directional clue. Also notice that the index remains below its early June high, but the S&P 500 broke above this corresponding high. The missing candlesticks represent holidays.

100622ssec


Click this image for details

Arthur Hill
About The Author:

Arthur is the Chief Technical Strategist at TrendInvestorPro. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

 Previous Article Next Article 

Read More

MEMBERS ONLY

These Breakout Stocks Are Leading the Market Right Now

These Breakout Stocks Are Leading the Market Right Now

Mary Ellen McGonagle
by Mary Ellen McGonagle,
President, MEM Investment Research

Markets hit another all-time high as rotation accelerates into biotech, software, and alt-energy names. Follow along as Mary Ellen breaks down the top-performing sectors and ETFs, including key breakouts in Bloom Energy, DoorDash, and Deckers. She also highlights meme stocks action, examines what international leadership in countries like Spain and...   READ MORE 

MEMBERS ONLY

Is It Time For a Comeback? 3 Stocks That Might Be Turning a Corner

Is It Time For a Comeback? 3 Stocks That Might Be Turning a Corner

Jay Woods
by Jay Woods,
Chief Global Strategist, Freedom Capital Markets

Explore technical turnaround setups for UPS stock, UNH stock price trends, and why MRK stock may offer the best risk/reward for investors this earnings season....   READ MORE 

MEMBERS ONLY

Is the Charging Bull Getting Tired?

Is the Charging Bull Getting Tired?

Bruce Fraser
by Bruce Fraser,
Industry-leading "Wyckoffian"

Optimism surrounds the stock market indexes with lofty price targets. Could the fulfillment of Point & Figure targets mean the end of a bull market? Find out here. ...   READ MORE 

Featured Articles

MEMBERS ONLY

SMCI stock making steady gains.

Will SMCI Stock Soar in 2025? Here's What the Charts Say

Jayanthi Gopalakrishnan
by Jayanthi Gopalakrishnan,
Director of Site Content, StockCharts.com

Discover why SMCI stock's steady breakout, key support levels, and AI-driven upside could reward patient investors....   READ MORE 

MEMBERS ONLY

Is META Breaking Out or Breaking Down?

Is META Breaking Out or Breaking Down?

David Keller
by David Keller,
President and Chief Strategist, Sierra Alpha Research

The chart of Meta Platforms, Inc. (META) has completed a roundtrip from the February high around $740 to the April low at $480 – and all the way back again. Over the last couple weeks, META has pulled back from its retest of all-time highs, leaving investors to wonder what may...   READ MORE 

MEMBERS ONLY

A Wild Ride For the History Books: 2025 Mid-Year Recap

A Wild Ride For the History Books: 2025 Mid-Year Recap

Grayson Roze
by Grayson Roze,
Chief Strategist, StockCharts.com
David Keller
by David Keller,
President and Chief Strategist, Sierra Alpha Research

Markets don't usually hit record highs, then risk falling into bearish territory, and spring back to new highs within six months. But that's what happened in 2025. In this special mid-year recap, Grayson Roze sits down with David Keller, CMT, to show how disciplined routines, price-based...   READ MORE