China's a buy baby!

Alright today was a rough day for being short EURO and SLV. China looks good as noted in chart below. Weekly chart is also bullish. You can see all my charts at the link above, as always.

The activity in Japan tonight and the futures currently look bullish for tomorrow. Im thinking I jump in to FXI at the open. I generally like to buy at the close but I should have bought at the close today. Depending how china opens will determine how big my position is, if it opens strong it will be smaller as I will view myself as somewhat late in getting in.

My thesis on this trade is that FXI looks bullish so there is a high probability that china is going to catch up to the US market (as fxi has lagged recently), thus this trade should be a good one. If this trade doesnt work out my Euro short should produce results.