If this chart doesn’t scream “Sell China” I don’t know what does. That chart looks to me like it’s about to curl around and head back in time while going up at the same time. Some trick that would be!!!!
And given the correlation between sell-offs in China and sell-offs over here, including last Thursday’s “China Selloff II” (subscription required – more on this at some point), this can’t be good for US stocks either. Can China Selloff III be too far off?????