I’ve been looking at the chart on this for a while to get an indication of where it might go next. It has made a couple of attempts at breaking above the 61.8% retracement on the recent downtrend whilst being supported by the 50%. A break in either of these should signify its next move.
Also noticed that it there is resistance on the 50 EMA.
You’ll not be surprised to hear that I disagree I’ve used TA to support my trading for years and it has worked well for me. I use it to gauge strength or weakness in an individual stock, market or sector.
Of course it isn’t fallible and I don’t use it in isolation but everyone has their own trading style and TA works for a lot of people. I used to be sceptical but that’s when I wasn’t using it correctly for the type of trading I was doing. I don’t look for short term opportunities and I find TA works a lot better for longer term trends.
I felt like I read this somewhere but not sure:
Are the fees lower if you buy say 80% developed markets and 20% emerging in two different ETFs (VEVE and VFEM) than if you just buy the single global tracker?