Zkalish
Short

Short EEM after H&S Neckline Reject

AMEX:EEM   ISHARES MSCI EMERGING INDEX FUND
EEM             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             and USDollar             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
Trade closed at the fib. Will reload on puts if the fib and lower support break down
snapshot
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out