The Chinese Index has been in a very tight range since the last 15 years.
Since the high it made in 2007, it has been broadly ranging in a tight zone. We are soon going to see an explosive move, either upwards or downwards. The direction is anybody’s guess but the monthly MACD is suggesting an upmove based on the current trend. Keep an eye on this index, as what happens in China is very important for the rest of the world.