Near Term Trend: Bullish / Neutral
As of 10/6/17 close: 42.62
UPDATE: Last week, I suggested covering shorts at $37.57.
EWZ rallied early this week and then dropped sharply along with crude oil. There should be more downside in the coming days but nothing that will break the bullish overall tone.
I would cover shorts in EWZ down at $40.62 and considering longs there as well (depending on the pattern that has developed at that point).