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Silvestrov

Emerging markets breaking down as well

iShares MSCI Emerging Index Fund (AMEX:EEM)  
Silvestrov  
AMEX:EEM   iShares MSCI Emerging Index Fund
Support and Resistance Head and Shoulders Trend Lines EEM emergingmarkets resistancerejection
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supportandresistance headandshoulders trendline eem emergingmarkets resistancerejection
Compared to US indices, EEM looked relatively strong in recent weeks, however, it seems that market forces taking emrging markets lower as well.

After uptrend support was broken, EEM fromed head&shoulders right at 2018-2020 major resistance and yesterday we witnessed breakdown.

Good odds at least 10% correction would be witnessed from here
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