Continuing on with some interesting ETFs this weekend: below is China Large Cap, which tracks the FTSE China 50 index. It’s got a terrific head and shoulders pattern.
The Transports is somewhat sloppier – in fact, it’s one of the worst of the ten I’m highlighting this weekend – but I’ve made note of what seems like the next level of resistance.
The homebuilders is coming up against a gap close, which I’ve tinted in cyan.
Just about the only bullish one I’ve got to share is the bond fund, which isn’t as heavily traded as TLT, but it still has a nice breakout pattern.
Finally, there is the iShares MSCI EAFE, shown below, whose resistance I’ve likewise tinted.
OK, that’s it. Let’s get some downward action this week, folks, all right? Please?
