Looks like a bullish continuation pattern has emerged and further upside can take place holding the support zone. Look to scoop and add on further breakouts.
Corrective structures are tricky, the wave b emerged within a complex structure. The map posted in 2018 appeared to be valid (see related) and I dropped it early. This is a refreshed chart of the old map. The wave B slighlty exceeded the top of wave A. The wave C down could emerge in 5 waves down within the strong impulse or an ending diagonal. Price could retest...
Watch out for continued pullback amongst many names. EEM looks to be heading to sub-50. #bearlyfe Diamond dump into S wave
Hello traders and analysts, Zone colour Master Key: Blue = Monthly Purple = weekly Orange = Daily Grey = 4hour Pink = 1 hour Please see our previous idea - where 3920 for the SPX has been achieved, with an explanation as to why. The idea which lead to where we are now using Fibonacci from the latest correctional move. The main idea for 2021: ...
Earlier I posted maps for EEM consolidation (see related). This last sharp move makes me thinking of a completion of the correction. Then we got the contracting flat WXY. Triangle could be the next alternative ABCDE. Target will be at 75 then.
End of multi-years consolidation, Break out, Buy and hold long terme to create your wealth.
EEM ETF is going to break out from the multi-year bear phase. The monthly chart of EEM Oct 1st, 2007 was 55.83$, the current price is very close and looks bullish for the long term with 0% interest, and the US $$ money flowing to EEM is inevitable. EEM will outperform S&P.
Deflation coming in Brazil, I see a deeper-than-expected contraction in Brazilian economy as Covid reality sets in.
Since 3/23/20 when all three bottomed out, the SPX (green) has outperformed the Europe, Australia, Asia, and Far East ETF (blue, ticker symbol EFA), but both are lagging behind the Emerging Markets ETF (orange, ticker symbol EEM). The SPX has been leading most of the way, but last month the Emerging Markets became #1. Investors have banked on strong recovery...
Hey all, this is the monthly chart of the EEM. A potential breakout is about to happen. New ATHs!! Park your money (maybe soon) in this emerging market ETF; set it and forget it!!
It s been a 10 year downward trend. And Emerging markets has been underperforming vs SPX. Is it the time to change the course?
Major resistance since 2008 has officially broken. This aligns with my previous China predictions ###NOT FINANCIAL ADVICE###
The emerging markets ETF $EEM has been in a wide range consolidation for the last 13 years. A breakout above $55.83 could set up for a longer term move higher!
Emerging markets are flashing an interesting signal here, the weekly trend is up, and strongly, but will expire its current advance by the week ending on Dec 18. If we get some kind of unexpected issue before COVID vaccines are widely available, we could get some kind of correction here perhaps. Alternatively, we get a sideways consolidation and the markets keep...
iShares All World Index ( ACWI ) vs Nasdaq 100 ( QQQ ) vs S&P500 ( SPY ) vs Emerging Markets (EEM) vs South Africa ( EZA ) highlights how very poorly South Africa has compared to the world, emerging markets and the USA.
Compared to US indices, AMEX:EEM looked relatively strong in recent weeks, however, it seems that market forces taking emrging markets lower as well. After uptrend support was broken, EEM fromed head&shoulders right at 2018-2020 major resistance and yesterday we witnessed breakdown. Good odds at least 10% correction would be witnessed from here