BATS:EEM   ISHARES MSCI EMERGING MARKETS ETF
70 0 0
TRI             notes indecision. EEM             likes to flag and H&S prominent, now into the last 1/3 of tri             , expect tell into measured move shortly. On deck, recent small H&S played to target confirming the triangle shape, sets-up into flag with target at 47 (if) triangle breaks up and break holds. With Fed action confirming, watch $dxy             , stronger dollar past year has hurt emerging markets, so that weaker dollar, higher T-rates, EEM             should outperform, which puts into play the inv H&S (not drawn except for dashed line showing right shoulder close to the -potential- upper triangle neckline); the Inv H&S target puts EEM             over $50 into play. Flip side is triangle breaks lower, (say dollar stays strong and T-rates do not rise as expected (as in general market sell-off holding bond prices up) THEN the larger H&S comes into play w target $27.82. IMO EEM             price is reflecting the uncertainty going into 2014.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out