IBB
Daily bouncing off of demand area, retesting top of channel; interesting to see where it goes from here…possible short term double bottom?
Weekly looking very quasimoto-ish H&S but seems to be reacting off this trend line here….trading in range possibly consolidating for its next move.
FXI
Daily breaking out of channel here, possibly looking to retest the 200? Continuation of an uptrend at that point or a false breakout reversal?
Weekly testing this area of bad structure I see, possibly heading toward a weekly supply area?
VWO
Daily Positive RSI divergence, broke above the 20EMA, retested it today maybe wants to try for that POC ~ 42.80 which looks to just about coincide with a channel top
Weekly just tested demand area/gap, seems to have recovered a little but is now fighting with the 5/9EMA and can’t seem to break above
HYG
Daily seeing a relief bounce, inbetween levels, no play for me but it did just break 5/9EMA and is now currently riding above them. Seems to be currently testing this bad structure area before figuring out what it wants to do…75.71 old weekly demand area it blew thru previously maybe it’ll retest that and possibly reverse?
Weekly below 5/9EMA and showing potential to form a bear flag
JNK
Daily falling below and now reacting off of old demand area after hitting what is now current channel bottom. Above 5/9EMA maybe wants to retest the 20 here?
Monthly just looks ugly here but is it possible it’s wanting to see a bottom soon?
