South Korea (Kospi) Breaking Down
I could add many charts right now detailing similar themes, but this one to me is extremely telling.. South Korea is sitting on the cusp of two 30+ year long trendlines it has not broken in quite some time. These are extremely important.
I wouldn't be fully surprised if we retest or don't break right away, but given the moves in global markets, it could just bust right through here and head down significantly. Watch for currency movements to be a big part of this. Semiconductor industry likely to get hit especially hard with this in mind.
I wouldn't be fully surprised if we retest or don't break right away, but given the moves in global markets, it could just bust right through here and head down significantly. Watch for currency movements to be a big part of this. Semiconductor industry likely to get hit especially hard with this in mind.
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