Upside Reversal for Japan ETF

With less than 1 hour remaining in today's session, the iShares MCSI Japan Index (AMEX: EWJ) is set up for a key upside reversal day, which after exactly one month of downside action and amidst a glaring positive momentum (RSI) divergence should represent a pivot low -- and the start of a potent rally period. Only a failure to continue higher followed by a decline that breaks 14.30 will wreck the developing constructive pattern.
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Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

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