Check the monthly Hui chart, the recent rally can be labelled a 4th wave up, this break may well be the final 5th down, of a larger C wave….. it may take out the 131 lo…..not sure…..but it could be the final dn move and thus not too large…that said it has barely started.
Plus we may need to see a real change in the scum, because as of now they have all the relevant mkts crushed to their scheme….just look at the SM coming back yet again, right after looking dreadful earlier in the day.