a.) The IEFS are in a good uptrend that started at the beginning of April
b.) Prices have consolidated by forming flag patterns.
c.) The EMA picture is mixed. The overall configuration is bearish because the shorter EMAs are below the longer EMAs. However, the 10 and 20 day EMAs have turned positive and it appears the 10 day EMA is about to move through the 20 day EMA.
