Near Term Trend: Bullish
As of 9/22/17 close: 42.73 (+ 0.26%)
UPDATE: Last week, I suggested holding EWZ until crude dropped to 47.15 and took EWZ down with it.
Im staying with that recommendation as I still feel crude will tumble in the short-term. EWZ and crude may not be perfectly positively correlated, but I do believe a drop to $46.50 in crude (as noted earlier) will bring EWZ down and allow for a more graceful exit from this bearish call.