Zkalish
Short

Short EEM after H&S Neckline Reject

AMEX:EEM   ISHARES MSCI EMERGING MARKETS ETF
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
Zkalish PRO
11 months ago
Trade closed at the fib. Will reload on puts if the fib and lower support break down
snapshot
Reply
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 Billing Sign Out