by Tom Pizzuti | Jun 10, 2018 | ETFs, International, Premium
By request, here is a look at the ETF that covers Brazilian equity. Looking at the weekly chart below, you will see that I am calling the move from the 2008 high to the early 2016 low a completed three wave corrective structure. Up from the 2016 low, I think you can call that an impulse up for [i] or [a]. The current swing down this year should only be the first move down in a three wave formation for [ii] or [b]. Prices have bounced from a Gann related support at 31.37 though I favor a test of that low or a new low before the impulse is complete. The idea of a new low in (a) is alive as long a the bounce stays under Fib resists at 35.16 and 37.62.
by Kurt | May 31, 2018 | ETFs, International, Public, Slider
A downward break out of a decade-long triangle
by Tom Pizzuti | May 19, 2018 | ETFs, International, Premium
Since Italy has been in the news lately by finally getting a coalition government formed, I thought it a good time to peek at the ETF covering the Italian equity market. As last time I updated this, it still looks like a decade long triangle either finished or nearly so.
by Tom Pizzuti | Mar 2, 2018 | ETFs, International, Premium
Since there are elections coming up this weekend in Italy, thought it would be a good time to update the big picture charts for this ETF. I have interest in it as it has formed a classic triangle from the 2009 low and may have completed at the start of this year. I also think it can turn into a canary in the mine, a harbinger for the future.
by Kurt | Dec 1, 2017 | ETFs, International, Public, See It Market, Stock indices
Signs that this triangle pattern can break downward
by Tom Pizzuti | Nov 24, 2017 | ETFs, International, Premium
I find the iShares MSCI Italy ETF interesting for two reasons. One, so far, it is a textbook example of a triangle formation that has spanned nearly nine years. Two, if the triangle pattern holds and the Italian markets turn down, could that be a precursor to other European equity markets topping and even mark a turning point in the Euro?
I don’t know if the triangle pattern will hold or if it will be an early warning to other problems on the continent, but it does look like a trading opportunity is nearby.
by Admin | Jun 11, 2017 | International, Public, See It Market, Stock indices
Price starting to test the area that could prompt a breakout from the decade-long converging range.
by Admin | May 29, 2017 | International
The formation for the last eight years has been that of a sideways converging pattern, a potential triangle. We initially started following this last year talking about the possibility of [d] of the triangle being set and to prepare for a bounce up into first quarter...
by Admin | Apr 30, 2017 | International
The MSCI German ETF (EWG) has what is thus far a corrective structure up from 2009 to 2014 and a possible ugly leading diagonal down to the 2016. From there, the move up looks like a three into a standard deep retrace value. This area is also roughly a test of the...
by Admin | Apr 14, 2017 | International
I’ve changed my large scale thinking on the DAX. Originally, was counting up an impulse from a possible large triangle that had wave ‘e’ of the triangle at the low of 2011. That had a nice converging look to it but problems with the internal counts...
