The Chinese stock market is “looking prercarious” according to Citi FX Technicals’ team. A bearish outside day on the Shanghai Composite could represent just the first of a series of technical patterns that suggest a potential 23% correction… as 100s of thousands of newly minted margin’d retail equity ‘investors’ find out the hard what a tap on the shoulder feels like. As Paul Sinder warned, “take a look at a chart of Chinese retail margin debt, but not just right before bedtime. It looks something like the U.S. figures heading for 1929.“