Home > charting trendlines, Financial Ponzi, investing, Stock Market, technical analysis > China (FXI) facing 5-year old resistance

China (FXI) facing 5-year old resistance

China (using FXI as my proxy) has rallied strongly in the last month, outperforming the S&P.  But FXI is currently facing trendline resistance that is 5 years old.

Here is a closer look at the last two years.  It’s worth noting that this most recent rally has coincided with a declining ChaikinMoneyFlow, creating a bearish divergence.

With the S&P rallying back to the underside of its 50 day moving average and potential resistance there, it’ll be interesting to see where we go from here.

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