Also Considering a Similar Position in FXP

I do like FXP and have the position as a long, I think China will falter before the US markets in the near term, but even for a pullback play, FXP moves the opposite of the market so a pullback in the market should give FXP some near term traction and is another idea that might be worth exploring just to play a market pullback.

Since FXI has a lot more volume, the signals there are better and this morning FXP is in a good position as it hasn't moved up yet.

Here's FXI charts, but remember FXP is the long trade I'd like to play during the pullback, FXI just gives better short term signals so the weakness in FXI essentially translates over to strength for its inverse ETF, FXP.

 FXI 1 min leading negative...

 FXI 10 min leading negative like the market averages.

FXP with a 10 min leading positive, this is the short term/market pullback trade I think may be worthwhile.