China's Shanghai Index: No Longer A Market Leader

By Candy Matheson of Strawberry Blonde's Market Summary

Blogger & Retired Russell 2000 E-mini Futures Day Trader • May 13, 2019 at 2:24 PM EDT

A review of the monthly comparison chart of the S&P 500 Index versus China's Shanghai Index.

Take a look at this monthly comparison chart of the S&P 500 Index (SPX) versus China's Shanghai Index (SSEC).

While the SSEC literally exploded during 2007 compared with the gains made by the SPX and made an anemic attempt in 2015, it's, essentially, gone nowhere since mid-2015

(Click on image to enlarge)

If this is a harbinger of things to come, I'd say that China is in for a rough ride over the next few years...particularly in light of the current trade war with the U.S. And, it's time for them to negotiate in good faith, as Senator Grassley has tweeted.

You can see from my post of May 6 that major support sits at 2500 for the SSEC. If it blows through that level, watch out below!

(Click on image to enlarge)

Source: ZeroHedge.com

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