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China - This Looks Terrible

|Includes: iShares China Large-Cap ETF (FXI), FXP

Yesterday I showed a weekly view. Today let's review the daily. Lower high? Check. Lower low? Well, intraday there it is. No matter how I personally feel about 'their' ability to micromanage markets higher, the chart has said continue holding short (via FXP which has a bottom stance as nice looking as this top one is butt ugly) this market.



How often have you thought you knew what was going to happen only to wish later you had obeyed the chart?


Disclosure: Short China via FXP