70 pips more to drop or 2.5% more on the downside

Aug 6, 2018

China SH composite is approaching 2016 low at 2638.

Adding the background the BOC raised the forward reserve requirement for foreign exchange and RMB surged.

If look at the down side, 70 pips to drop/-2.5%, will possibly see a resistance showed at the 2016 retracement low @ 2638.

Personally also considered it as the psychological support of investors.

Hope the index can stop there and enter into a new rebound. [Wechat]goldtrader666