Is Guangzhou a lost cause and should I turn short on China?

Just as when everyone is getting excited about China, Shanghai does a big turnaround, and is now the market that suffers the most sell-off.

Looking at the Shanghai chart, it has clearly broken below its uptrend line. A check with counters like Beijing Land also shows that it has broken its uptrend line. It is only a matter of time before Guangzhou does the same, and therefore, I will have to close off the Guangzhou trade.

As for shorting opportunities, definitely there are. Chinese property counters look the best candidates. Yanlord and Beijing Land comes to mind, as both have broken their uptrend lines. I will be monitorong the price action of these 2 counters in the days to come.