Sunday ETF Quintet-
Just nine days until election day, everyone. I’m sure we’ll be glad when it’s all over (more or less), but I think we can all at least agree it’s entertaining for the moment.
I thought I’d just thumb through a few ETF charts, since the market is still very “stuck” and there’s not a lot of dynamism to point out. This is short and sweet – five charts – so here we go: first is the emerging markets, which had a nice rally off its basing pattern (tinted) but seems to be getting turned away by a much larger trendline (red arrow shows resistance). The pattern for the Chinese ETF, symbol FXI, is rather similar.