[FXI] update

Despite the fact that Chinese president Xi gave the "all clear" on their stock market, I continue to have significant concerns about where it goes next.  In the backlink I provided the model below.



The shares just recently hit the psych resistance of $40 while completing a rising wedge.  The next few days will be critical for the FXI chart.  If a monster C wave is to play out, it should do so as fast or faster than the A wave and be about as long.  That should be well sub $20 IFF this model is correct.  I like this: