EFA is an etf tracking MSCI EAFE. There is an 18 month Head & Shoulder pattern that has been broken already with a nice bullish candle
Parabolic advance with a broken hypodermic trendline, much like whats been seen in Bitcoin, Gold, and other assets that have been through bubble cycles. Weekly Bollinger band M top, like the monthly ones we see on the DJI/S&P. Short above $160, expect a visit far lower maybe down to $120 first, the 38% macro bull retracement for starters. Good luck!
You do not have to be a genius to see the huge similitures of the past charts of the emerging markets msci of exactly 10 years ago¡ , specifically in 2008, where you can clearly see an upturn in investment in these markets msci very, very strong up, reaching a summit to explosion and crach donw , it can practically be seen as a carbon copy 10 years later the...
worth watching, in absolute and relative terms.
USD/JPY all in graph. DXY dig in versus MSCI go to sky) www.tradingview.com www.tradingview.com
ISHARES MSCI EEM facing some resistance near 39 if not clear then may fall to 30 level which also drag all the emerging mkts.
Bullish follow thru so far. Long since minute wave ii of 3. Will be on guard for breakdown indicating red alt Z is in play.
Global stocks bounced as expected. Higher highs on their way. SPX - 2150 / 2160 DAX - 10380 / 1399
For reference only. Time will tell what will happen in the next couple of weeks.