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
