The daily chart shows a well-established uptrend that was tested, along with the 50-day moving average (MA) on the mid-March drop.

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If this level is broken, then the March lows and the rising 200-day moving average (MA) are now in the 1250 area.

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Some technicians are concerned about the Shanghai Composite, as its 50-day moving average closed below the 200-day MA last week.

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JPMorgan (NYSE:JPM), after finding some support at its 100-day MA, saw a nice rally that took it back above all key moving average.

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