In light of new analysis by DayByDday and EcoQuant, plan on executing a small hedge to $EWZ trade.
Sell 5 6Jul $29 puts, buy 5 17Aug $29 puts for $.63 debit. That's $322 in capital used.
The plan is to sell the $29 put every 2 weeks as long as we are in this area. Sell off the whole $EWZ position if $EWZ reaches $29