What is the key pivot level for the Shanghai Composite on Monday?

The central pivot level is 4,138.78, with a decision band ranging from 4,133.19 to 4,144.38.

Where is the primary support for SSEC?

Primary support is located at 4,110.83, followed by a deeper level at 4,080.08.

What macro factors are impacting the Shanghai Index?

Significant drops in Copper and Gold prices, along with USD strength (96.480), are providing a cautious backdrop for the index.

Shanghai Composite Index (SSEC) 4,138 Pivot Strategy

A technical roadmap for the Shanghai Composite Index as it approaches the February open near critical 4,138.78 pivot levels.

The Shanghai Composite enters the first session of February facing a delicate balance of sector-driven rotation and a shifting macro backdrop. After closing January at 4,117.95, the index is currently tethered to a central pivot of 4,138.78, with market participants closely monitoring the SSEC realtime data for signs of a break from its current consolidation range.

Macro Context and Sentiment Squeeze

The weekend carry-over has been marked by significant volatility in the commodities space, which typically acts as a lead indicator for Chinese industrial equities. With Copper prices sliding over 4% and Gold seeing a sharp correction, the SSEC live rate may face initial headwinds from the materials sector. Analysts are watching the SSEC price live to see if the USD proxy strength, currently at 96.480, continues to exert pressure on emerging market capital flows. Despite these external factors, the tape narrative in Shanghai remains focused on risk budgeting and internal sector behavior rather than headline chasing.

For those tracking the broader Chinese market, comparing the mainland cash index to proxies like the FTSE China 50 is essential for understanding offshore sentiment. You can view the Shanghai Composite 4108 Pivot analysis from the previous session to see how these policy expectations are evolving.

Technical Map: Support and Resistance Boundaries

The current structure map identifies a primary decision band between 4,133.19 and 4,144.38. This zone will act as the "gatekeeper" for Monday's price action. The SSEC chart live currently suggests that as long as the index remains within this range, traders should prioritize rotational tactics rather than trending plays. SSEC chart shows that the upper boundary of the immediate range sits at 4,166.74, while the lower support floor is firmly established at 4,110.83.

If the SSEC live chart indicates a failure to hold the 4,110.83 level, the next high-probability area for demand resides near 4,080.08. Conversely, a sustained break above 4,166.74 would shift the bias toward a bullish stretch target of 4,225.45. Monitoring the SSEC price across these quartiles provides the necessary filter for identifying true momentum vs. false breakouts.

Execution Strategy for Monday's Session

The central path, with a 55% probability, assumes a rotation between the primary support and resistance levels. In this scenario, the SSEC live rate would need to hold above 4,133.19 on any initial dips to confirm a constructive stance. Traders using the SSEC realtime feed should look for repeated failures near 4,166.74 as a signal to scale back long exposure, as these levels frequently lead to a mean-reversion move back toward the 4,138.78 midpoint.

For trend-followers, a "break-and-hold" setup becomes active only if the indices accept price action above 4,144.38. Reclaiming this level during the London or New York handover often opens the door for a retest of January's highs. However, should the open be indecisive, the focus remains on the SSEC price and its ability to maintain the 4,124.81 lower quartile support.