By Chris Kimble of Kimble Charting Solutions (via Doug Short) (Guest Post)
We have attempted to keep professionals and investors aware of a key flag/pennant pattern in the Shanghai index for almost a year. The pattern was suggesting that if a breakdown of support should take place in one of the largest countries in the world, investors should look at lowering equity exposure. Back in May the Shanghai index did break below support in the Flag/Pennant pattern. Has it influenced the price of stock around the globe? Time will tell, but at this time the S&P 500 is 10% lower since the…
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