The Day Ahead: AM Edition 20190-08-19
Charts added to this post as I complete them. Full post ETA at 10:30.
The Day Ahead: PM Edition 2019-07-18
This morning I thought the bears had a chance in bonds but I think that was just a little trap bulls set that I fell for. Back to looking higher into the end of the month.
iShares MSCI Italy ETF (EWI) Update
At the start of 2018, EWI ended wave [e] of a triangle and dropped in the first five wave impulse lower at the end of last year. Since then, EWI has been bouncing in a three wave move for a wave (ii). While having tested a possible target at 28.83 two weeks ago, it strikes me as too aggressive to say that wave 'c of (ii)' is complete while above 30.00 as the overhead target tested so far is a bit short of what is typical for a wave (ii).
iShares MSCI Brazil Index ETF (EWZ) Update
Treating this overlapping bounce in EWZ up from the low last year as a 'b' wave and expect prices to turn down again in an impulse over the next few weeks.
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