China (HSEC) is trading below major resistance around 3500 to 3600as shown on the following monthly chart.

Price spikes past this level have been relatively short-lived.

Any attempt to initiate a third price spike may also fail. At present, the IRS is falling and does not signal an imminent breakout on this timeframe.

Failure of price to break through and hold above 3600then 4000can see it retest 3000or even, 2000.

Regardless, there is plenty of “wiggle room” for erratic price spikes to occur back and forth on the HSEC over the next few months.

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