The Battle to Defend 3800 on the Shanghai Composite
The current time is 11:00 PM on September 28, 2025, in Toronto, which is 11:00 AM on September 29 in Beijing. I’m providing a real-time update on my views regarding the Shanghai Composite Index.
Overall, the uptrend line that has been in place since April 7 of this year is now facing a challenge. Why do I say this? Because the highs on September 18, September 25, and last Friday, September 26, have already formed a downtrend. After today’s (Monday) opening, the market dropped further, and trading volume remains low. Therefore, the probability of a further decline is quite high.
The key level to watch now is the low of 3800.99 from September 18.
If the index holds above 3800 and consolidates at high levels for 3–5 days, there is still a possibility of another upward push.
If 3800 fails to hold, the next support level is the low of 3775 from September 25, which is also a very critical level. If 3775 is broken, the next support is at 3746. This is the last line of defense for the bulls. If 3746 fails to hold, the market will likely enter a medium-term correction.
Trading Strategy: Buy put options on: ASHR, CQQQ, MCHI.
The current time is 11:00 PM on September 28, 2025, in Toronto, which is 11:00 AM on September 29 in Beijing. I’m providing a real-time update on my views regarding the Shanghai Composite Index.
Overall, the uptrend line that has been in place since April 7 of this year is now facing a challenge. Why do I say this? Because the highs on September 18, September 25, and last Friday, September 26, have already formed a downtrend. After today’s (Monday) opening, the market dropped further, and trading volume remains low. Therefore, the probability of a further decline is quite high.
The key level to watch now is the low of 3800.99 from September 18.
If the index holds above 3800 and consolidates at high levels for 3–5 days, there is still a possibility of another upward push.
If 3800 fails to hold, the next support level is the low of 3775 from September 25, which is also a very critical level. If 3775 is broken, the next support is at 3746. This is the last line of defense for the bulls. If 3746 fails to hold, the market will likely enter a medium-term correction.
Trading Strategy: Buy put options on: ASHR, CQQQ, MCHI.
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