On the heels of the all-too-rare selloff on Monday, the bulls have been roaring ahead nonstop. This has also affected my favorite short, EFA, which is the ETF for worldwide equities sans North America.
As inclined as I am to GTFO out of a position going against me, not only am I holding fast with this one, but I might also just short some more. So long as we do not violate the broken trendline (that is to say, the lower boundary of the failed wedge), I consider this bearish. Perhaps I’ll regret this, or perhaps I’ll look back on it as a moment of necessary courage. Onward!
