SPX/FXI Warning *PIC*

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Here is the SPX again with the China ETF:FXI overlaid. As previously posted note both Indexes track together when all is well and rising. When the FXI sells off for weeks AND the SPX continues it's solitary run up alone the market has a serious correction of some magnitude after. Note the FXI topped out last Nov and is still falling with the SPX rallying to new highs. Also note the SPX has retraced a perfect Fib 161.8% retracement of the April to July/10 major sell off as well. This is one more indicator that suggests high tide has been seen for a while. Bottom line is to watch for 1300 to break down. Until then....enjoy the ride..........

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SPX/FXI Warning *PIC*

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