Here a some ETFs that have retraced nearly 38.2% of the prior decline that are worth pondering on the short side.. unless the retracement level is breached to the upside !
IYT : ishares Transportation
XLB : Spdr Basic Materials
EWW : ishares MSCI Mexico
FXI : ishares China
EWM : ishares MSCI Malaysia
EWP : ishares MSCI Spain
