BRICS (without Russia and South Africa) appear to be ready to make a move here as it breaks out from a long-term downtrend while bouncing off the longer bottom support area after a PSYCH play lower.
This is a great risk-reward setup to catch a nice wave up. This particular setup doesn't come along very often as you can see.
Make sure to follow as I will be updating this like all my other charts.
Brazil, India, and China? China has become too big and too aged. In the last 25 years they went from #20 to #2 economy, too big to grow like before, and hampered by their main 40-year-old population becoming 65-year-olds with each couple taking care of 4 people in their 80s without much state support and the one-child policy and gender selection leaving them with lousy demographics. That leaves Brazil and India. In that case, how bad can EWZ be? Brazil is far more resource and energy-rich than India. So if you like BKF, then EWZ should be good as well?
China has become too big and too aged. In the last 25 years they went from #20 to #2 economy, too big to grow like before, and hampered by their main 40-year-old population becoming 65-year-olds with each couple taking care of 4 people in their 80s without much state support and the one-child policy and gender selection leaving them with lousy demographics. That leaves Brazil and India. In that case, how bad can EWZ be? Brazil is far more resource and energy-rich than India. So if you like BKF, then EWZ should be good as well?