China Tech Squeeze Is On, Metals Go Full Upside Panic

Shanghai squeezing

Shanghai is still in full melt-up mode after the textbook breakout. We’ve now gone 17 straight sessions without a single bearish candle. Momentum is undeniable, but with RSI pushing 81, we’re deep into overbought territory, but as we all know, overbought can stay overbought for longer than most think possible.