I want to make sure that I stay on top of the EFA / International index since it is the only index that I monitor that is under stress. Looking at the chart it is setting up technically into a perfect Bull Flag. You will notice on the chart below a channel drawn heading toward the CBL line. Price is now establiched in this channel and consolidating the last major move up since November 16th, 2012. That run was a 14% run, so this pullback should be no real surprise. prices cannot always go straight up because eventually profits will be taken.
Notice the bailout zone drawn on the chart below. That is still the area I still consider the point that I must act. Until then I will watch this Bull Flag and hope that the odds are in my favor.
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