A 2.06% drop to a three month low, then a 1.36% bounce within 24 hours: the whipsaw itself is the signal
On Monday July 13 the Shanghai Composite fell 2.06% to close at 3,913.79, its lowest level since April. By Tuesday July 14 it had bounced 1.36% to finish at 3,967.13. I sat with both closes and realized I could build …