The China market is getting much of the financial world's attention, but so far, the narrowly-based China ETF (FXI) has not even reached the 23.6% support level. The more important 38% support is at $34.20. The RSI has reached support and did not reach overbought extremes in July. A close back above $41 would be a short-term positive.
China: Just a Normal Correction?
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