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The iShares MSCI Mexico Investable Market ETF (EWW) has shown excellent relative strength since gapping up in June of this year. During this time it has been consolidating along its 20-day EMA, as it has set a sequence of higher-lows. EWW offers a potential buy entry on a pullback and undercut of its 10-day or 20-day moving average. As always, we will be watching for the formation of a reversal candle as the pivot for a potential buy entry.

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