Among the leaders in country index funds this week, ILF soared more than 9%. Top equities here are miners and banks, two of the best performing industries, especially in the last week. In general, markets are poised for a positive move. SPX appears poised to test the 40 week moving average some 9% higher at 4100. ILF has potential to touch the 31 level, nearly...
Just an odd observation that LATAM is robustly holding up, and appears to be coiling for a triangle breakout.
NOT ready yet, but ahead of the curve, and technically appears to have some potential. Alert levels set... keep an eye on this.
Anyone knows why LATAM might be forming up??
Do share your views pls...
I find these two charts absolutely fascinating right now in the face of the geopolitical changes happening. This idea stems from a pretty simple question: Who stands to benefit the most should supply chains need to be retooled because our current providers fail?
If the economy in China implodes due to civil unrest or a structural change in CCP/PRC leadership,...
Latam, much like the rest of EM, does not seem ready to break out yet and has failed to break the downtrend in place since '08. However, the up leg from March '20 to Jun '21 seem to be and impulse wave of what could be Wave I or the beginings of a spectacular rally in the years to come if a new commodity supercycle keeps going. ILF is currently correcting and...
I'm scouring planet Tradingview to look for bullish signs. Let me tell you, it hasn't been easy. So I wandered out of the country to see if the rest of the world is doing as poorly as our domestic markets in the U.S. appear to be. Alas, I present you with ILF, the iShares Latin America 40. It's been getting bombed out for 9 months now, and according to the...
Just by chance, the Latin America ETF (ILF) was noted to be doing very well this week as the S&P500 and friends are given a beating. In a bigger picture perspective, a descending triangle has been formed in the last 12 years. While the upside to resistance may be smaller than previously, it is also projected that IF and WHEN there is a breakout, Latin America...
Nice well shaped Harmonic Bat formation.
Watch, let it get a head of downward stream and jump on.
The largest component of this ETF is VALE at 16%
As always do your own Due Diligence and respect overall market direction
Good Luck
S.
Chart 2: Still well off May 2008 highs!...but something is building with the descending triangle formation.
Latam has lagged big-time, so could be a place to dig for opportunities over the next few years.
(See related idea).
Chart 1: Latin American Equities relative to the S&P500: Attempting to arrest a multi-year decline as it builds a small base neat the Oct-2001 & 2002 swing lows.
Latam has lagged big-time, so could be a place to dig for opportunities over the next few years.
1) Price is above the 13 sma for week and month
2) AO is positive for week only, NOT month, however it is on its way back to the zero line for monthly.
3) Elder Impulse is green for week and month
This is a monthly chart of the Latin American 40 ETF. Price just violated critical support at the 2008 and 2015 lows. Downside risk is elevated as long as $ILF remains below the overhead supply at this $20 level.
The ILF ETF is developing an interesting consolidation structure that suggests more declines on the Latin American Stocks market. Merval should follow the same bearish direction.
