China Island Hopping Into the Bell

12631 member “Blind Squirrel” noted the island top pattern on the China ETF, FXI, seen below on the daily timeframe.

The ETF has been working on a larger inverse head and shoulders bottom, outlined below, in recent months, just when sentiment had turned quite negative on the mainland.

However, today’s development should be concerning in the next few days. China bulls will need to stem the tide at the 50-day moving average, just below.

I will delve more into this chart after the bell in my video recap.

Drop me some tickers you are watching into the bell.

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