FXI … wonderful set-up coming. be patient ..

we have taken a look at the FXI and it’s set of “lower highs” since 2011.  we have also taken a look at it’s relationship to Copper and how they have ebbed and flowed w/ synergy. what we haven’t done is step back and analyze the BULLISH case for the FXI.  YES, I am posting something that could be a major BUY set up.  However, it still needs to fall a good 50% in nominal terms.  from 37 to 22.

why the bullish case?  go back to the low in 2009?  From 19 to 48 we can count 5 wave UP.  In the context of wave counting that is either a wave 1 or an A wave that will form a 5-3-5 correction.  labeled a-b-c.  either way, we have a nice BUY in/around the 22-25 area that, if the count is correct, take out 48 and perhaps even higher.

so, stay tuned.  w/ MAJOR long term patterns occurring w/ in the US and Global Equity market certainly appears a good thump could be coming but what an amazing set up to BUY…

FXI BULLISH opportunity

FXI BULLISH opportunity

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