Shanghai and China ETF’s looked to be up against key resistance. The suggestion was to attempt to score on defense via FXP (see post here) See update on FXI below.
CLICK ON CHART TO ENLARGE
Initial short-term break of support looks to be taking place after FXI has continued to struggle at its 50% Fib retracement, since November of last year.
Game Plan….Be an owner of FXP with a stop on an upside break of Fibonacci resistance, should it take place.
