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The_Pain_Trade

Long EMLC VanEck JPMorgan EM Local Currency Bond

Long
VanEck J. P. Morgan EM Local Currency Bond ET (AMEX:EMLC)  
The_Pain_Trade Updated   
AMEX:EMLC   VanEck J. P. Morgan EM Local Currency Bond ET
Trend Analysis Chart Patterns Technical Indicators EMLC LONG bonds
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trendanalysis chartpattern indicator emlc long bonds
EMLC is bumping up downward sloping resistance line. Should it breakout I'm looking to accumulate shares of EMLC - VanEck JPMorgan EM Local Currency Bond ETF. These bonds are denominated in local EM currency and should benefit from a falling dollar. I also like the 6.85% yield.
Trade active:
Still think EMLC is a good long term buy with the trend in the major trend in the dollar down, but short term I think DXY could bounce so I'm patiently waiting for a better entry point.
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