EWJ still looks strong but it’s in consolidation mode. I wish I had bought it the last time I posted its chart. At that time it was real close to its 50-day moving average so the risk, assuming a stop loss was placed just below the ‘fiddy’, was very small. The risk/reward right now looks to be about 1-to-1. But percentage-wise, the 50 DMA isn’t that far away so one could enter here with a relatively tight stop.
