$ARGT $EWZ $ILF Lead as Top RS Groups Drive Oversold Bounce

Relative Strength First, Setup Second — Always

The strongest oversold bounces are clustered within the top 1-month RS groups. 5 of them are now playing out bullish RS divergence that was highlighted before the start of the week.

$Global X MSCI Argentina ETF(ARGT)$ — Argentinian Equities

$iShares MSCI Brazil ETF(EWZ)$ — Brazilian Equities

$iShares Latin America 40 ETF(ILF)$ — Latin America 40

$INVESCO BIOTECHNOLOGY & GENOME ETF(PBE)$ — Dynamic Biotech

$iShares Biotechnology ETF(IBB)$ — Biotech Megacap

$Spdr S&P Biotech Etf(XBI)$ — Biotech (Equal Weight)

$VanEck Pharmaceutical ETF(PPH)$ — Large-Cap Pharmaceutical

$Spdr S&P Pharmaceuticals Etf(XPH)$ — Pharmaceuticals (Equal Weight)

$VanEck Steel ETF(SLX)$ — Steel

$Global X MSCI China Consumer Discretionary ETF(CHIQ)$ — China Consumer

$iShares China Large-Cap ETF(FXI)$ — China Large-Caps

$Global X Lithium & Battery Tech ETF(LIT)$ — Lithium & Battery

$SPDR S&P Regional Banking ETF(KRE)$ — Regional Banks

$VanEck Video Gaming and eSports ETF(ESPO)$ — E-Sports

$Global X Autonomous & Electric Vehicles ETF(DRIV)$ — EV & Autonomous Vehicles

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