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Update on the EWZ Trade

October 18, 2016 by Don Roth

Rio de Dinero is doing a double reverse, butterfly Ryan Lochte.

Price has moved up through resistance and is approaching more resistance. See chart below.

Brazilian Index ETF (EWZ) daily

ewz-2016_10_18-d
(click chart to enlarge)

​​​​​​​
Price should pull back after tagging red horizontal line for a better exit tomorrow or Thursday.

Plan on an exit soon.

Trade Smart,

Don Roth

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Don Roth

Don Roth, Smart Chart Investor

Recent Market Updates

  • Blow Off Top?
  • Major Announcement!
  • Trade Alert (BE)
  • Important Notice
  • Weekly Market Commentary and Pre Announcement

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