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PontusTrader

Emerging markets is extremely bearish

Short
iShares MSCI Emerging Index Fund (AMEX:EEM)  
PontusTrader Updated   
AMEX:EEM   iShares MSCI Emerging Index Fund
Trend Analysis Support and Resistance Parallel Channel emergingmarkets emerging EEM
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trendanalysis supportandresistance parallelchannel emergingmarkets emerging eem
Bearish shooting star pattern right into channel resistance and just below major resistance line. You'd have to off your rocker to buy EEM exposure here, not with Fed day next week.
Comment:
I made a mistake, this is a dragon fly doji, nonetheless still bearish.
Comment:
Updated my charts a big.

Daily
snapshot
Comment:
Weekly
The case could be made for a bullish descending wedge, however I am inclined to distrust it due to fundamental reasons taking precedence (i.e., China walking away from tarriff discussion, fed week next week with possible interest rate hike, etc.)
snapshot
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