Looking to get short the FXI. If it cant make a new swing high on a daily close above 28.75, which is also near the trendline, then I'd look to take a shot. Otherwise a break from here below 25.75 would be ideal since there is little in the way to 24.50 and then 23.50. I'm tempted to go in here though and just might on market weakness but will wait for it otherwise. It's currently sitting between it's 20 and 50dma's (not shown). We still do not know if it can't break out to the upside, but I doubt that very seriously. In the event our own markets start out on a multi-week bulltard run then I have to imagine this goes up right along with it. In that case I'll look to re-short at $35.
