EWY Will Fail to Reach $182 Amid Massive Outflows

EWY will not hit $182 during the week. That outlook rests on continued pressure after the ETF closed at $180.86 on August 31 despite an intraday high of $182.27 that day. Traders will point to the heavy redemption flow, with over $423 million exiting the week before August 30 and another $269 milli…