The SP 500 has been outperforming the emerging markets (EEM) by ~17 % since last May. EEM broke below its uptrend , tested that resistance, but failed. I would like to see EEM break it resistance ( 61.8% Fib) to remain bullish on emerging markets. If not , it might goes the same route as in 2008.
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Algokid
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@5440000 , i would like to hear what you think about this. Why do you disagree ?
Algokid
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[it might goes the same route as in 2008.]...perhaps not as severely