From a technical view, the iShares MSCI Thailand ETF (ARCA:THD) is reversing down from the lower boundary of a bullish channel which is acting as resistance. Regarding technical indicators, the daily RSI is capped by a bearish trend line while the daily MACD is pushing below its signal line increasing downward momentum.
On a relative basis against the iShares Core S&P 500 (ARCA:IVV), the iShares MSCI Thailand Investable Market Index Fund is pushing below its 20-week moving average and looks set for a drop. Trading strategy: Short Sell @ $76.47 - Stop loss @ $79.50 - Target @ $68.25