Notice the breakdown in FXI has taken this ETF well past the first level of support, while in EEM, the ETF is at support. Meanwhile, in EFA, the ETF is still above support.
Is China leading this downturn?
Monday, January 12, 2009
World markets look weak
Here's an update of FXI, EEM and EFA. All three look weak, having broken down out of bear pennants. But there are subtle differences between the three markets, with the breakdown in FXI looking much more severe.
Notice the breakdown in FXI has taken this ETF well past the first level of support, while in EEM, the ETF is at support. Meanwhile, in EFA, the ETF is still above support.
Is China leading this downturn?
Notice the breakdown in FXI has taken this ETF well past the first level of support, while in EEM, the ETF is at support. Meanwhile, in EFA, the ETF is still above support.
Is China leading this downturn?
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