This morning Taiwan is being hit especially hard, evident in the nearly 3% sell-off in EWT (iShares MSCI Taiwan, Expense Ratio 0.62%), and the product is clinging to its 200 day MA, a level it has not seen since March.
This price pressure in Taiwan is clearly weighing on both EEM and VWO (as the country carries a 14% weighting in VWO) Market Technician David Chojnacki has provided an in depth technical analysis of VWO (below), pointing out near term support levels, MACD, and RSI.
Vanguard FTSE Emerging Markets ETF
