Overall still in LT (2009) down channel, so trade is quite risky... you are trading against the trend...
bounced off MT (2018) trend support
RSI looks pretty good
SPY ourperformance against world is pretty outrageous in the last 2 years, so some mean-reversion is likely
Trade duration... 3-5 months.
Much better trade is to...
Unclear what is going to happen... probably not a good idea to trade this right now.
Can trade small position within the channel, although risky to trade against the trend...
potential bull flag setup
good relative value (in terms of performance) to S&P 500
holding peak-price support from 2017 so far
better to wait for confirmation of bull...
ACWX recently bounced with 2 engulfing candles with volume.
It then reclaims the weekly green ema50.
It seems to be completing a bullish flag.
The violet ema100(also coincides with the median line of pitchfork),
should provide a good support
where institutions will buy.
I would be less bullish for the ACWI global etf with US,
which will depend a lot on the...
SPY could continue to outperform ACWX for another year as in 2015-2017 period.
Weekly RSI of SPY outperformance nearing overbought area, which have historically identified about 3 months of underperformance when SPY/ACWX touches 50W or 100W MA.
Monthly RSI also approaching overbought.
Daily RSI seems to be rolling over,...
EM MSCI X USA ETF has been moving in a channel for a very long time with an occassional break out of the channel. Will it break out the ascending Triangle or... Let us see....
Disc : Not a SEBI Registered. I post charts for my own study.