With less than 1 hour remaining in today’s session, the iShares MCSI Japan Index (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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