1) Find a FIBO Slingshot 2) Check FIBO 61.80% level 3) Entry Point > 39/61.80%
EEM is ready for a 6.5% gain with a stop at 38$ which means 1.25% risk on a trade.
Dollar and EM markets. A non Brainer with 1:1 correlation. The DXY (black line) is inverted to show the coorelation with EM. Strenthening Dollar means weaker EM and vice versa. Soince with rate ris eback inti the limelight, the DXY should rally an dEM would be under pressure. The weakness of Chines Equity markets which makes up 31% of MSCI EM would also be a factor.
Emerging markets equities had to clear many hurdles in 2022 but began to recover in the fourth quarter. But technically, there are hurdles, The Red sloping line of 2021 is the prime example. After the steep drop in equity markets overall in 2022, It is believed that emerging markets equities may be one of the most mispriced asset classes, with attractive...
Emerging markets have made some terrific gains in the past month, but I would caution with the path ahead. Take a look at the past year's performance of the Hang Seng, KOSPI, IBOVESPA. I've included a chart of the Tadawul, the Saudi stock index, which is significantly weighted in EEM, the emerging market ETF. These are not healthy charts, and rallies provide...
We stayed above the 9SMA on the 4hr, We are going higher across all risk assets. Fill up the truck this could be a big move! PS there will be no pull backs in this market cycle. Its straight to the moon!!!
Emerging Markets ETF EEM is in multi year ascending triangle.
What will cause EM's to breakout? Last time it was QE. Clear resistance and near term inflection point.
if you are long eem, then you are also long Oil they both track well together
EEM - Emerging Markets ETF FXI - China ETF VNM - Vietnam ETF EWS - Singapore ETF EWY South Korea Etf
I believe the year 2021 and probably the next few years would be dominated by Asia markets, especially China and Hong Kong. EEM ETF has just broken out of its long term weekly resistance at 52.04 and is poised to go higher in the coming months and years ahead. Thus, I would be focusing more on Asia stocks , selective ETFs like this one to gain a wider...
iShares MSCI Emerging Index Fund Long Entry at 41.30 Take Profit at 46.04 (11.48% profit from entry) Stop loss at 40.56
Emerging markets is completing a complex correction from an Elliot wave point of view. The first leg of the C wave started in May21 and is currently retracing before heading lower. Dollar index broke out and is now retesting the top of its previous range going back till '15. Secondly EEM and Dollar index are inverse correlated when the market is trending. VIX...
Maybe it's time to see emergent markets having a bull run again. Or it will be ruin? Your call.
Emerging markets headed up to a technical resistance and provides a good ratio to go short.
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.
After peaking in Feb 2021 and a slide of nearly 43%, seems like MSCI EM has found a base.
- Dead cat bounce on EEM. - EEM is ready to breakdown.