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Shared the chart above with Premium & Sector/Commodity Sentiment extreme members as well as Stocktwits (here), that Brazil ETF EWZ looked to have formed a “Double Bottom” in the chart above.
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The chart above reflects that since the 8/21 posting, EWZ is reflecting relative strength compared to the S&P 500 (gaining almost 10% more than SPY over the past few weeks).
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This chart reflects that EWZ is making a strong attempt to break above another resistance line above.
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