SSE Composite - Bearish Signals Emerge

Caixin China Manufacturing PMI showed that China manufacturing activities contracted in December for the first time in 17 months. Slowing Chinese Economy remains a concern. SSE Composite has shown bearish signals. While the index is still capped by a declining trend line, a shooting star candle signals an end of recent rebound. Key Resistance at 2,600, downside Targets 2,440 and 2,380.