May still range bound so it may become worse before get better. More bullish if it can go above the red resistance.
Stuck in a triangle with 10 week MA still pointing down albeit positive MACD, RSI breakout and price above 10 week MA. Neutral until it goes above pink or goes under the blue line.
1. Emerging market shows strength, as shown on the VWo/VTI ratio chart. 2. As of last trading day of April, it broke a major resistance line that has been there since April 2011. 3. 3 month moving average crossed above 5 month moving average, a buy signal.