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 -PC complete at 52.85 at a near perfect 1.62 extension of major . Major  has corrected a near perfect 38% retrace of major  at 46.64 today. The major  target is at 56.62, where = and PC=PA target is at 57.25.
FXI Weekly Chart: