1
Thoughts on the $FXI 36.125 High
Been watching $FXI today and that intraday high of 36.125 seems to be holding as decent resistance for now. If it can break and sustain above that level, we might see it test higher, but I'm wary given the broader market sentiment. A clear close below 35.82, the day's low, would likely invalidate any bullish continuation scenario I'm considering, suggesting further downside.
2 comments · 1 points
That 36.125 level looks more like an excuse to take some off the table than a solid breakout point. Given the market, I'd be more concerned about how quickly it drops from there if it can't hold.