is about to retest the neckline of the head and shoulders
that it broke down from at approximately $31 a share. If you look at the mix of countries that make up this ETF
, rising oil
prices generally will not cause a price increase. The only worry is if the USD rolls over, as EEM
are inversely correlated.
Anyways, short here (or at 31 if you're picky for a few cents), stop loss at 31.80, price target 27.50