$INDA - INDIA MARKET ETF -
Added 2024-11-04 20:04:37 +0000 UTCI will be taking a look at a few foreign markets this week to see how the global system is behaving, we monitor the US, Hong Kong and Chinese positions very closely but it is also worth seeing a bigger picture in Europe and India too.....also emerging markets like Brazil.
$INDA has hit our Wave 5 target and has already pulled back to the 200 Day MA now....a hold here and $INDA can bounce higher up this rising wedge, along with the US market.
It is moving more in sync with the US than China right now.
When the wedge support line is lost, this would cause a concern but I think we are some time away from this happening.....however, a retest of the support line at $51 is possible this year.
Comments
Thank you! Yes, would love to hear your thoughts on other markets (and thanks for the consistent updates on HK and China as well)
Millie Leung
2024-11-05 02:41:38 +0000 UTCand this one SMIN ISHARES MSCI INDIA SMALL CAP ETF
Sunja C
2024-11-04 22:51:12 +0000 UTCLook forward to seeing more of this. We’re all nervous about the US market, but where else to invest? Lots more value in other geographies that are better priced I’m sure.
Nick E
2024-11-04 21:07:53 +0000 UTC
