Potential FXI targets & bias for Thursday, July 9, 2015
FXI still has
a ways to go before thinking all is saved for a full reversal which likely
means oversold rallies will be Shorting
opportunities.
Right now FXI is back
above 40.60 and until back below 40.60 there will be potential for more upside to reach 43.15-43.75
zone which is a definite target to scale into new swing Short with a stop just above that zone;
or a consideration to engage Short
will also be if back and holding below 40.60
sometime after the first hour of trading today.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC
