FXI consolidating near 49
Friday was 2nd day it closed below 49.
49 is acting as a support, but FXI has been drifting lower
Currently below 49, and below 50dema
10dsma > 30dema, however gap is very small now.
Not sure if I want to sell a put spread, or do long call.
I would like to treat FXI as a speculative index, because the Chinese market is very speculative right now (in a bubble).
I would like to limit my losses in a crash but let my gains grow with the bubble.
49 is acting as a support, but FXI has been drifting lower
Currently below 49, and below 50dema
10dsma > 30dema, however gap is very small now.
Not sure if I want to sell a put spread, or do long call.
I would like to treat FXI as a speculative index, because the Chinese market is very speculative right now (in a bubble).
I would like to limit my losses in a crash but let my gains grow with the bubble.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.