2bigbrowndogs

Daily FXI not as bullish as the Weekly/Monthly.

AMEX:FXI   ISHARES TRUST CHINA LARGE-CAP ETF
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We ended last week with a gravestone Doji that bounced off the 100. Bulls need it to close above the 34.18 point. The MACD looks good for this. However, we are very oversold. If the 100 ends up being resistance, I would watch for a pullback to 30.70 which is a very strong weekly support line and the 50SMA is sitting there as well. If it were to fall below there, the Monthly have a very strong support at 28.00.
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