It has been quite a roller coaster the last two months. The S&P 500 (red) surged in July, fell sharply in August and surged over the last few days. While the S&P 500 went on its roller coaster ride, the Shanghai Composite (black) surged in July and consolidated in August. After relative weakness at the beginning of summer, China is showing relative strength in late summer.
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Click this image for a live chart
About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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