China - A Day Later

$FXI

A somewhat timely post yesterday -

Putting China's Decline in Perspective

Followed by the afternoon headline -

https://www.reuters.com/markets/asia/china-weighs-stock-market-rescue-package-backed-by-278-bln-bloomberg-news-2024-01-23/

Amazing how these coincidences work no?

For what it’s worth, FXI 0.00%↑ never oversold on the daily. It’s obviously popping here in the morning on the headlines, but I’m inclined to watch for a close above the 5 day MA (black line) before entering a trade.