Emerging Markets Sovereign Debt ETF PCY

folks, so I was asked to take a look at this ETF. I had never looked at it before … but man, what a gorgeous sell pattern.  This one worked….looks like the banking index sell signal.  some work some don’t – use a stop.

anyway, here’s the PCY Sovereign Debt ETF .. the weekly shows a cliff of support much like crude a while ago before it thumped.  the selling pressure appears to have stalled for now (note doji) but it ‘should’ go to 24-25 and that’s where the real fun begins.

one could say the neckline for this entire thing is at 27 or 25 … either way, see the big old thump forming?

let me know if you have any questions.

B

page_16-11-14_20-05-09 page_16-11-14_20-10-48

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: