DeMark Says Chinese Stocks Are at Make-or-Break Inflection Point

  • Shanghai Composite needs to close above 3,200 to avoid selloff
  • Failure to close above that level clears way for move to 2,590

DeMark Analytics LLC Founder Tom DeMark

Andrew Harrer/Bloomberg

Tom DeMark, who predicted this month’s selloff in Chinese stocks, said the Shanghai Composite Index may extend its decline by 13 percent should it stay below a critical technical level on Wednesday.

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