CLICK ON CHART TO ENLARGE
EFA has been a weak performer for over a year and during the rally in the S&P 500 from 10/15 to last week, it had reflected relative weakness too.
With EFA up against falling resistance, Premium Members shorted EFA by purchasing EFZ on 12/4 at (1) in the chart above.
As you can see by the lower left inset, EFZ is doing rather well compared to the S&P 500 over the past 11 days.
If you would be interested in these type of plays or this type of pattern analysis, I would be honored to have you as a Premium or Triple Play member.
FYI- Members are short EFA (own EFZ) with specific stops in play and this pattern is looking weaker by the day!
See more of our research …..HERE