gb50k

$EEM short as a hedge against a rising $DXY

Short
AMEX:EEM   iShares MSCI Emerging Index Fund
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

EEM is a good candidate for hedging DXY , on bottom.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.