After a breakout should EEM be able to stay above 43 for one or two days. If I recognize this I consider about going long. In case of a breakdown I don't like to go short, but it would be a very bearish picture.
Found this one when i was looking to the emerging markets scenario. The perfection on the ratios is pretty impressive. The AC goes beyond the 0.618, however the ABC is the only part where we can apply some kind of discretionary criteria.
So i conclude that we might have an emerging trap in front of us.
40.90 will stop EEM to resume the correction and goes down to 36- 32 soon 2-3 months , this resistance supported by by re-testing the wedge and 200-20-50 SMA
Since the crash of 2008 emerging markets have seen enormous amounts of capital inflows. As you can see with volume on this chart money has poored into a very popular Emerging Market ETF, EEM. If you look closely, after significant corrections emerging markets are leading US markets. So look for EEM to push out of this recent correction at a higher rate of...
It looks to me that the S&P500 is leading the Emerging Markets Index, setting up a disparity that could be resolved in any number of ways:
1. The S&P could rally and the EEM could rally less.
2. The S&P could continue to fall, and the EEM could fall more.
3. The S&P could stabilize, and the EEM could slide lower.
The risk isn't very high in this pair, but...
