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ETF Focus: Foreign

This is a syndicated repost published with the permission of Slope of Hope – Technical Tools for Traders. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Emerging markets have the prospect for a lift from here. They’ve put in a higher low, and they’ve had the stuffing absolutely beaten out of them.

Likewise, the world equities (outside of North America) fund found major support at a Fibonacci retracement level and could easily push its way back up to the next higher level.

This is a very similar fund, but also includes India. Same idea – – it could push higher to seal its price gap.

The EuroZone has been smashed like crazy, and if it got a rally going, its exhaustion point would be the long horizontal line which is anchored to that major price gap.

Here we see China beneath major resistance. This looks very vulnerable to a downtown as long as it is under that horizontal.

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