Friday, July 10, 2015

#FXI Update & Levels for Friday, July 10, 2015


Yesterday I was in hope #FXI would reach 43.20-43.75 zone to engage in a new swing Short which I would have done so with a tight stop because if above 43.75 I see potential to 45.05-45.55 zone which would be an even better/more ideal Short entry.

#FXI is close to the 43.20-43.75 zone but being a Friday with potential of Greece and/or Chine weekend headline risk I will hold off until next week before engaging in a #FXI trade. 

Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC