CI Doji Star Correction

The CI has been rising almost daily for the last 3 weeks so a correction is due. The CI rose from the double bottom of 883 (points X & Y in the chart) to today's high of 927 (Z) representing a rise of almost 44 points (if you were Chinese that would be a bad number too).

The correction is now imminent with the formation of a Doji Star on 5 July. Expect a correction to 914 or even to 906, which would be very healthy for the market. It should then rebound and challenge the resistance at 931.