AMEX:EEM is a bearish opportunity it breaks $37.47, (both current support and the prior weeks low). Other support:
- AVWAP
- Low volatility node (LVN) in the volume profile on the left.
Initial targets might include: POC, VAL
AMEX:EEM is a good candidate for hedging TVC:DXY , on bottom.
I started to believe that as yield trends are changing globally, and yields will likely be lower in 2024, while I expect USD to trade rather a little weaker, this all should help Emerging Market Stocks to reverse and start to show a better relative performance against SPX and DAX.
Key technical levels to watch are 40.20 and 42.
A close above 40.20 would...
We're looking at emerging markets here for a possible intermediate term pop above the 40 handle possibly into 41. China will need to stop going down and KWEB will need to hold 25 but we'll see. Good look traders!
While not a perfect construction this does look like an inverse Head and Shoulders. A break above the neckline resistance at 39.85 should see this poised to move to 42.00 and then the target of 43.30 which is almost 9% higher. Note price has been consolidating above the 200dma now for 13 days which is quite significant and i think the probability favour an upside...
Fascinating long-term pattern in emerging markets:
- 20-year Symmetrical Triangle
- breakouts from the triangle in 2017 and 2020, with runs to long-term resistance established in 2007-2008
- since 3Q-2021 a bearish downtrend, through the triangle has been created
- a pattern continuation suggests a breakdown out of the triangle, and down to $30, or possibly $27.50
the chart posted is that of another etf that seem to want to fade to black . But for now we should see a low into this time frame and then see a half rally . into jan /mar 2024 before the Depression is clear in the euro zone
Introduction
Since the 2008 Financial Crisis NDX has been “the” trade for anyone looking for easy gains in equities. It has stomped out precious metals, emerging markets and the like. Even crypto powerhouses like Bitcoin and Ethereum are sideways against NDX since the 2018 crypto bear market and smaller alts have been clobbered against NDX in the most recent...
Emerging markets show a corrective decline for stocks from technical point of view and from Elliott wave perspective.
Emerging markets chart with ticker EEM made sharp an impulsive rally at the end of 2022, which indicates for more upside after a corrective a-b-c setback that is actually still in progress since the beginning of 2023. So, for stock market support...
AMEX: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.
Following the developments in AMEX:IZRL , AMEX:FM and AMEX:EEM we see a similar theme developing. Though this may appear to be a head and shoulders, emerging market stocks could be a smart bet while the Fed figures out what it will do next. We will look for support to be between where it is now and 37.5.
After meaningful correction in global markets, especially ripple effect from US economy markets. MSCI index - Emerging markets are now at attractive valuations.
Technically, look at the monthly chart and the support trendline on it. Also, with the series of significant rate hikes by the US Federal Reserve and all global bankers - It seems the last leg of...
The time seems to have come to consider allocating to Emerging Markets here, I am thinking of entering a position today. India and Mexico are set to benefit from decentralization of supply chains, China is about to get stimulus to consumption from govt, and AI is generally a source of growth and higher efficiency for the world going forward (solves the issue with...
I am bearish on EEM as there identified 3 start pattern which indicates potential reversal for this underlying. Also, it can not break its 50SMA which also indicates potential bearish price action.
In my opinion EEM is going to test 38s soon
The MSCI Emerging Index Fund (EEM) is posting a bottom rebound pattern similar to early 2016 and 2009. All all cases the 1W RSI previously broke below the 30.00 oversold level and rebounded strongly. As you see these bottoms take place approximately every 7 years. This indicates that the Emerging Markets are only at the start of a two year mega...
The $EEM daily chart is showing a massive Head and Shoulders formation, with the Neckline set at $38. This could be a sign that the price will soon break to the downside, as Head and Shoulders are usually considered bearish reversal patterns. The market will now be watching for a break below $38 in order to confirm the bearish reversal. If the price does break...
