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.


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Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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