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benjihyam

$EEM bearish move?

Short
iShares MSCI Emerging Index Fund (AMEX:EEM)  
benjihyam  
AMEX:EEM   iShares MSCI Emerging Index Fund
Support and Resistance Trend Lines Economic Cycles EEM emergingmarkets eemshort
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supportandresistance trendline economiccycle eem emergingmarkets eemshort
EEM looks to be breaking down here. On OBV, there's been a double top. Price looks to be breaking the upwards trend that's been forming since Oct 2022.

I think price is likely to hit the second support level at $33 before bouncing. However, if there's a strong move down, can see it hitting $30 as well.
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