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June 16th, 2015: China ETF FXI Weekly Chart

Posted by pugsma on June 16, 2015

11:30 am EST:   Here are my thoughts on the China ETF FXI.   The move up and out of the PB triangle that completed in early 2014 appears to be in a 5-wave impulse with wave major [3]-PC complete at 52.85 at a near perfect 1.62 extension of major [1].  Major [4] has corrected a near perfect 38% retrace of major [3] at 46.64 today.   The major [5] target is at 56.62, where [5]=[1] and PC=PA target is at 57.25.

FXI Weekly Chart:

PUG FXI Weekly 6-16-15

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