From failed move come fast moves in the opposite direction.
SOUTH KOREAN KOSPI INDEX - Barely holding above water Once red line breaks, potentially, a completed '2B' reversal pattern.
KOREA is one big factory with the full gamut of output, from ships to semis. The index is a key barometer for global cyclical momentum. Consolidation is complete
Korea is highly cyclical and a decent "canary in the coal mine for" a) the Semi Cycle, given the size of Samsung Electronics in the index and b) the global manufacturing cycle. Watch for a double top. This is not investment advice, I am not a licensed advisor and you should always do your own work or seek professional advice.
At least this monthly chart and trend says that... keep a close eye
Up 1.8%, the breakout here is clear for the EM as I called 3 weeks ago. This was assisted with Asia slowing in 2017/18. Asia looks better at this point because Asia technically slowed down before the West. !THD and !IDX are good longs and I will be taking them. 13:19:40 (UTC) Tue Jul 28, 2020