Short Brasil (EWZ) Short

iShares Inc iShares MSCI Brazil ETFArca

Description

⋅ Nov 3, 2016 7:21 PM

Super China bear here looking at a lovely technical setup. The rally has gotten way too far ahead of itself. The 50month MA and a decade long trendline as well as the .50 fib level from the 2014-2016 move all acting as resistance.

Comments

herhar

⋅ Nov 4, 2016 10:16 AM

Like that, besides, this is not the right context for EWZ to break out upper resistance; maybe early 2017, but not now