649bruno
Short

German I-Shares, Weekly: Longer Trend Looks Lower

AMEX:EWG   ISHARES MSCI GERMANY ETF
15 0 3
This is chart 2 for the German-I-Shares. Chart one was for one hour time increments. This is weekly.
The RSI on a weekly basis is rolling over and will most likely head lower.
The 89 week moving average is heading down.
The price structure is trading inside the Ichimoku Cloud .
The Ichimoku Cloud is heading lower.
The Ichimoku Cloud also has a red border on top, indicating weakness.

What would convince me otherwise that an uptrend will start?
The down trend channel at $27.10 would have to be breached to the upside.
The prices would have to remain above the Ichimoku Cloud .

Good luck to you. Don.
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