The daily chart of the Market Vectors Indonesia Index ( IDX) shows the completion of a continuation pattern, lines a and b.

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The daily chart of iShares MSCI South Korea Index Fund ( EWY) is still locked in a wide triangle formation, lines e and f, but the fund is still up 5% since June 24, outperforming SPY by 3%.

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The iShares MSCI Japan Index Fund ( EWJ) gapped below support on April 4, which completed the daily top formation, lines d and e.

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On the top right is the chart is the iShares MSCI Italy Index ( EWI) , which a few weeks ago appeared to be forming a flag formation, lines c and d.

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Lines are blending somewhat but investors can elect to invest in international funds through Total International Stock Market index funds.

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An upward trending relative strength index (approaching, but not yet in oversold territory), coupled with an ADX line above both DMI lines, indicates Citi has the momentum.

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