Tuesday, May 13, 2014

Bullish Latin America? An Update

Recently (http://goldenopportunitytrading.blogspot.co.uk/2014/04/emergening-markets-latin-america.html) we showed a few charts of Latin America ETFs. Especially in Peru (EPU) we showed a possible bottoming diamond pattern that has now broken to the upside

Also Brazil (EWZ) seems to break out from its falling wedge

And Mexico (EWW) from a triangle formation (although a triangle formation break out frequently ends to reverse and move the opposite way)

So altogether: Bullish Latin America...