Oversold Relief

2022.09.12 15:12

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A week ago, my main concern about the market from a bearish perspective was how deeply oversold the overseas markets had become. Looking at the iShares MSCI EAFE ETF (NYSE:), you can see how the past three days alone have gone a long way to dispatching with this pent-up pressure.

The same can be said for emerging markets, by way of the iShares MSCI Emerging Markets ETF (NYSE:) symbol. This could keep pushing higher, but the green trendline shown and the black horizontal represents extremely strong resistance levels.

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