By Chris Becker
Trading volumes are really getting thin now as all eyes, ears and algo bots await the Jackson Hole central bank conference today. US stocks finished a bit lower while European bourses were equally up slightly higher in a wishy-washy session that also saw bond yields fall as risk just defaulted to buying bonds on the cautious mood.
Yesterday the Shanghai Composite was steady going into the lunch break but sold off into the close, down 0.5% to 3271 points as it continues to reject key resistance at 3300. The daily chart is putting in a bearish double top pattern here, so I’m watching the low moving average for signs of a break below:
