EWZ sitting on a ledge at 35.20

Interesting to see $EWZ flirt with the 35.20 area again today, closing just above it. This has been a pretty solid support for a while now, and a sustained break below 35.00 on any real volume would likely open up a move towards the low 34s, or potentially even further if the general risk-off sentiment persists. My read is that it needs to hold this level or the sellers will take control.