Technically speaking, China index is still not looking good. It is still near its 52 week low, and a break below 2000 level could trigger another selloff.
The lowest area since 2008 recession was 1700. And we are nearly into that level.
DOW JONES is now at 16500, from 65xx last 2009 lows. And China is way nowhere to be found and cannot be likely said to be in a Bull Market.
HK index also has not made any new high since 2011 peak at 24700.
Now at 9.5x P/E, looks very cheap VS Philippines(20.5x) and US(16.5x), it has not made any good uptrend rallies and is hovering around the 5yr Bull Market support.
Long Term support is at 21500 and looks very weak compared to all Major Index in the world.
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