Charts Interpretation - Global
Let's start off with the overall weekly ranking:
Now let's dive into some countries' ETF of interest:
Argentina, Chile and Brazil small caps remain in a downtrend.
Continental Europe had a strong positive week, mostly due to EUR/USD appreciation, with Poland upgraded to "Average" from "Weak" due to its price action relative to the ACWI.
South Korea had an interesting candlestick pattern in the last two weeks. First with a hammer, followed by a marubozu (strong up week).
India (ticker: INDA) has a nice price action but it needs to break it 61.8 Fibonacci retracement of the January-June 2018 decline to be upgraded to "Strong".
Interesting week ahead!
Jay
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