Chile Investable Market Index Fund: Short Sell At $44.15
Trading Central | Jul 31, 2014 12:36AM ET
The iShares MSCI Chile Investable Market Index Fund(ARCA:ECH) is breaking below a key support level at $44.90, and the downward breakout is met with large volume
Regarding technical indicators:
The 20-day (in red) and 50-day (in blue) moving averages are turning down, the short-term moving average is below the long term moving average, signaling a new down trend
On a relative basis against the IVV S&P500:
As long as the process of lower tops and bottoms is intact further downside towards is expected
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