For years, China has been told that its economic policies need to support domestic demand and enable the economy to switch away from exports, and they have made a substantial and sensible step in the right direction.
The high-volume reversal candle alerted us that it was time to switch gears and look for a bounce, while measuring composure of the bounce at each step along the way.
So you could even put the switch down to the slow death of that natural deflation built into the Gold Standard (or rather its step-nephew, the Gold Exchange system), starting at the very same time as US stockholders kissed goodbye to earning a premium each year above Treasury yields.