With Asia struggling and China being overweighted in EEM ETF we will likely open up lower tomorrow. The problem is this, We double top on the big picture and barely hanging on to previous highs in a bearish structure that will likely follow through in a wave 3 down.
EEM reached the middle term daily desending trendline. shorted with stop above TL.
DXY can run a bit higher, based on fib extension and candle patterns, this should find a catalyst to move it back down lower. This Dollar Long Mania is similar to the Gold fake-pump at the beginning of Russia-Ukraine conflict WILMINGTON, Del. - President Joe Biden will draw a contrast between his economic plans and those of Republicans in remarks on Tuesday...
With the current fear of recession & rising inflation in the US, a lot of funds will be flowing outside into emerging markets, China & also Brazil which is rich in commodities especially now that the dollar seems to be peaking out as foreign markets slowly becomes more attractive to invest in. EWZ may retrace down first to fill the gap at 33.65 green line. A...
EEM now near 41, has already fallen more than 30% from Feb2021 top at 57.19. Two weeks ago it fell to 39 the green VWAP from 2016 & bounced with a weekly hammer candle. It is now being rejected by a FIB CHANNEL level near the yellow 41-42 pivot zone. Holding this zone will see more upside maybe up to 44 or 46 before a c-wave down. If 41/42 does not hold, there are...
EEM Emerging Mkt formed a big Violet wedge since the 2007-2008 crash. It currently gapped down & broke 40, a 0.618 level. If it does not reclaim 40 in the next few days, then It will go down to 37 to retest the lower edge of this wedge. 37 is also a 1.618 retracement of the latest rally. See the 3 zones in the chart. Red is the sell zone. Yellow is the neutral...
All the empires and dynasties I studied rose and declined in a classic Big Cycle that has clear markers that allow us to see where we are in it. This Big Cycle produces swings between 1) peaceful and prosperous periods of great creativity and productivity that raise living standards a lot and 2) depression, revolution, and war periods when there is a lot of...
Trend Analysis The main view of this trade idea is on the 4-Hour Chart. The Emerging Markets Index Future (MME1!) appears to be in a descending triangle pattern setup. The support line is observed around the 1210 level while the resistance line was created with the lower highs of 1332, 1305 and 1295. Expectations are for a breakdown in MME1! around 1210 which...
RSI has shown a descending triangle - upward breakout TSI has already given a +ve crossover and now has moved over the 0 line Similar signal in KST Indicator Waiting for action signal on NIFTY500 is must before long entry is made ********************************************************************************************* DISCLAIMER: I am not a SEBI...
Relative Momentum of International Equities SPY - US Equities ACWI - Global Equities ACWX - Global Equities excluding US EEM - Emerging Market Equities EFA - Developed Market Equities
EEM is looking weak at the bottom of this range its been in for a few weeks, if market sell of continues we may see this break below 49/48.75 which is a clear break of the channel support. Next key level below 46.25, may see sell off to this level before prior bulls come in to defend.
Hello traders and investors! Today we want to show you an interesting chart with clear Elliott Wave pattern suggesting deeper correction, which may have an impact on stocks across the globe. We are talking about Emerging markets (EEM), where we clearly see a completed five-wave cycle from March 2020 lows following by bigger and deeper (A)-(B)-(C) correction. As...
Well the DXY is again entering the area of extreme overbought and threatens to bring down not only commodity markets but also the global trade. To be fair, this situation has been going on since late 2014, when a period of expensive DXY came, which led to pressure on commodity prices and frozen EM and is gradually coming back to the US through high inflation....
Original Chart This is Based Off 2018 update Original Trade Strategy Around This Chart Everything should be self explanatory in the chart. Of course - this will work until it doesn't, but since the 1990, the HSI index hitting its upper resistance line has nailed every major global market top within a very short timeframe. You can see how perfect...
**Spread Trade*** An opportunity to initiate a pairs trade by buying FXI and selling EEM. Spread between both etfs grew substantially (over two sigma), spread should start narrowing make sure you execute trade using ratio of both prices. For instance, you could go long fxi 26 units and short EEM 20 units (capital 2000usd) Chart symbol of spread —> input the...
𝗗𝗼𝗹𝗹𝗮𝗿 𝗨𝗽𝗱𝗮𝘁𝗲: $DXY Daily. Has broken out of its cup and handle. A move towards 95 (and 97) is possible $UUP $EURUSD $USDJPY $EEM $GLD $BTC $TNX $TLT $SPY $QQQ #ElliottWave #Trading #Currencies 💱
$EEM Massive bull wedge on verge of breakout. I post a limited number of posts publicly, but many more on my private Twitter feed. Be sure to check it out if you're interested.
𝗗𝗼𝗹𝗹𝗮𝗿 𝗨𝗽𝗱𝗮𝘁𝗲: $DXY Daily. Large cup and handle pattern that targets ~97 if breaks out. Golden cross recently as well $UUP $EURUSD $USDJPY $EEM $GLD $BTC $TNX $TLT $SPY $QQQ #ElliottWave #Trading #Currencies 💱