Brazil; Waterfall in prices starting? Impact U.S.?

0

Brazil; Waterfall in prices starting? Impact U.S.?

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

EWZ weekly kimble charting solutions

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ breaks support at (1), it should attract selling pressure. If it falls hard, the decline could well put the hurts to Emerging markets (EEM) and potentially ripple into the stock market in the states!!!

 

Email us for a recent Sector/Commodity report that includes pattern analysis on emerging markets

Website: KIMBLECHARTINGSOLUTIONS.COM

Blog:  KIMBLECHARTINGSOLUTIONS.COM/BLOG

 

Questions: Email [email protected] or call us toll free 877-721-7217 international 714-941-9381

 

 

 

 

 

 

 

 

 


 


BREAKING: BLACK POWER POLITICAL ORGANIZATION Takes Credit For Dallas Cop Slayings

A post on the Black Power Political Organization Facebook page shows the group taking credit ...

Learn more