In my last call on $FXI (which may be found here) I called for a breakdown of the bear flag, and we got that. We didn’t go quite as deep as expected, though we did barely hit the target range I supplied and all that was required of the move was to take out the prior swing low, which we did. As a result of the sharp rally since then, I am making a new call. I believe it will now head towards the orange target range above in at least three waves.
