One third of the country seems to believe in a thing called “fake news.” Well, how about “fake markets“, like China? This sucker has roared higher for months, and my view is that the long-term trendline shown below is a Great Wall of China for FXI.
Here is a closer view, showing the intersection of the base of the top (left side) with the aforementioned trendline (dashed blue line). My stop-loss is set at $39.75, although $40 would be appropriate as well.
May the last surviving bear on the planet succeed. God bless him!
