Double D Cup

Sorry, I couldn’t resist the headline.  D for Dragon.

The Templeton Dragon fund, my preferred actively managed way to be long  China/Asia, is declining within the would-be Handle of the 2nd Cup (black).  It is actually the first Cup that I would consider notable because its Handle is forming after making a higher high.

tdf

I am pared down on longs, but I held this one due to the chart.  Below 23 would hurt the bull case.  Otherwise I’ll watch the MA 50 to see what goes on around there.

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