Near Term Trend: Bullish (nearing resistance)
Fridays Close: 38.00 (+ 1.040)
UPDATE: Last week, I suggested shorting EWZ up to $38.10 with a downside target of $20 and stops on a monthly close above $38.10.
EWZ traded higher early in the week, then lower. No change to the recommendation.
Short at current levels. Honor stops above $38.10 on a monthly close and use $20 as a target.