markrivest
Short

Emerging Markets Could be Leading the Way Down

AMEX:EEM   ISHARES TRUST MSCI EMG MKTS ETF USD DIS
Fellow Trading View member "The Unwind" has a terrific post about a 3 times short Emerging Market ETF .
The Unwind could be on to something big. The weekly Emerging market ETF - EEM has just finished a bounce and appears to have started a new down wave.
Weekly Stochastic just had a bearish cross over and the weekly RSI is still not in the over sold zone.

The Emerging markets which tracked the SPX from 2016 to early 2018 is now significantly under performing both the US stock market and most other large national stock markets.
In the next few weeks SPX may start joining EEM to the downside.

Mark
Agree. Unwind >Smart cookie. Looking very beary atm I shoulda bought moar puts! Was expecting a bounce don't see that on Monday...
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