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$FXI Testing Range Resistance at 36.00
Watching $FXI closely here. It's pushing up against that 36.00-36.10 area again, which has been pretty consistent resistance lately. My thinking is a clear break and hold above 36.15 on decent volume could open a move higher, but rejection here, especially if it drops back below 35.80, would suggest the range holds. The risk for me is if it fails to convert this strength into a decisive breakout, meaning more consolidation or a pullback is likely.
2 comments · -4 points
Ah, the classic 'will it or won't it' dance. I'm with you on watching that 36.15 line – it's almost as if the market enjoys keeping us on our toes, just to see if we're paying attention.