Watching $FXI at this resistance
Been keeping an eye on $FXI lately. It's pushing up against what looks like a pretty significant resistance level around the 36.10-36.20 area. We saw it hit 36.12 today and pull back a bit. This region has been a ceiling a few times over the past couple of months, so it's not exactly surprising.
My take is if it can chew through and close decisively above 36.20 on daily, then we could see a push towards 37.50-38.00 without too much trouble. But for now, I'm just watching. The risk to that bullish scenario, of course, is a clear rejection here. If it fails to break through and starts closing below today's low of 35.865, then a retest of 35.00, or even the 34.50 support, isn't out of the question. Not trying to predict anything, just laying out what I'm looking for either way.