Brazil / iShares MSCI Brazil (EWZ) : Profit taking on position bought in May

 

Initial blog post May 19th  : http://www.investorid.one/2017/05/19/political-crisis-in-brazil-again-market-moves-overdone-buying-opportunities/

 

Triple Top forming and pending reversal.

RSI & MACD divergences & ADX showing bearish signs.

25% profit booking : Purely Tactical = We remain Positive on Brazil & EM in general for the long term.