Watching China (FXI)

I'm watching the Chinese index, FXI, since it made a higher-low earlier this week. Now I want to see if it can break past the resistance at $40 and move higher to a higher-high and test the downward-sloping 50-day moving average. China has been a leading indicator recently. It led the US market on the way up in 2009 and has led on the way down.

Related Posts:

• Recent Market Update
• China made a higher-high in March, preceeding the US market's big upswing
• China's fail in February warns of the US market's pullback.