We have sold off over 20% in the past 3 days. I think a bounce is likely.
There is major support at 2700. 3000 should also provide some psychological support but 2700 is better.
Long term we have room to reach 2000 again. But I don't think it will happen for a few months, and possibly not at all.
Keep it simple, don't over analyze. China news is a rumor, not an official government statement. Not yet, anyway.
There is major support at 2700. 3000 should also provide some psychological support but 2700 is better.
Long term we have room to reach 2000 again. But I don't think it will happen for a few months, and possibly not at all.
Keep it simple, don't over analyze. China news is a rumor, not an official government statement. Not yet, anyway.