Whilst US equities saw moderate weakness in the Wednesday session, there was notable strength in the China market, with the Shanghai comp' +4.3% @ 3459. The jump higher was due to 'recycled news'. Even after a subsequent realisation though, the market held the gains.
Unlike the US market, the Shanghai' comp' - along with most other world markets, is still to attain a monthly close above the key 10MA.
For China, that currently stands @ 3715. A Nov' or Dec' close in the 3800s is rather important.. and would then offer hyper upside in 2016... at least to 5K, and almost equally viable, test the historic 2007 high of 6124.
... and yes.. I recognise that a move from 4K to 6K is a clear 50%.... but then the move from 2K (summer 2014) to 5K (summer 2015) was a monstrous 150% ramp.
Thursday will see the usual weekly jobs, productivity/costs.
*there are a wheel barrow of Fed officials appearing.. notably Dudley and Fischer.
Goodnight from London