Looking at the chart, we can see a fake breakout with the price returning back inside the bearish trend line. Barring any surprises, it should heads further south towards 84.65 or worse, 80.99.
I am more keen to buy this ETF than short it and at current price level, the risk reward does not seems justifiable to short it. But for those intraday traders, this might still appeal to them.
This article and many others have convinced me that China is far too important to fail as many countries growth depend on it. The government need to do something fast to prop up the economy