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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

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...If the dots don't connect, gather more dots until they do...

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Tuesday, December 08, 2015

Further Downside Likely for Foreign ETFs

One gauge of market sentiment that I look at from time to time is my chartgrid of Foreign ETFs, showing the daily ATR on each ETF (the white histogram at the bottom of each ETF)...an extreme high ATR can often signal capitulation and a reversal of recent general trend.

From the chartgrid below, we're not seeing that extreme, yet. In my opinion, we could very well see further downside on these ETFs, in general, for awhile longer.