Monday's 3.3% rally points to more
A market often bottoms quietly and slowly. You could say that about the Shanghai Composite, where volatility ebbed and prices began to turn higher over the past 5 weeks.
The break above the September highs and the small wedge are good signs. The series of higher lows since late August is also positive.
The first line of resistance is the July low and that's about 1% away. If it can clear that level then a return to 4000, or even the Summer highs could be in the cards.
