TREND ALERT – Major Trend of Brazil ETF (EWZ) is turning BEARISH????


Brazil ETF (EWZ) close below 40 WMA (still on daily basis) if weekly close is also below 40 week MA major trend will turns Bearish!!!! Last time EWZ closed below 40 WMA was in 2008 and we saw that weeks later market fell apart!!! So let’s see what’s gonna happen this time.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: