$EWZ: Observing the 36.80 resistance today

Watching $EWZ today, that 36.80 level seems to be holding as fairly solid resistance for the time being. We saw it hit 36.805 earlier, just nudging past, but then immediately reverse. It's dipped back down to $36.11 now. To me, it looks like a clear rejection, at least on this intraday timeframe.

If it can't push decisively through 36.80 and close above it, I'd expect it to potentially consolidate or even test the lower end of today's range, maybe around 36.09 again. The invalidation for this short-term view would obviously be a strong move and hold above 36.80, perhaps on higher volume. Always gotta consider the broader market context too, of course.