EWY

EWY remains in a Stage 4 Decline with confirmed lower highs and lower lows and declining EMAs acting as resistance. Price is extreme oversold with an active Bearish Exhaustion signal indicating a potential short‐term bounce. Medium‐term bias stays bearish, so defer new short entries and trim into pullbacks into the 9/21 EMA cluster near prior support turned resistance.

• ↑Exports surged 70.9% YoY in June, boosting ETF’s economic case.
• ↑57.2% tech weight benefits from AI-driven Samsung and SK Hynix.
• ↓Top two holdings (44.5% weight) expose ETF to idiosyncratic shocks.