The ratio has a breakout, held a higher high, is above 10 month MA, RSI broke out.
So I guess it is time to BEGIN to overweight emerging market.
VWO has been outperforming since the start of the year. So far, the overall trend is still up but showing signs of crack. RSI and MACD are both breaking. the ratio itself is still above the support, and the MA cross is yet to generate a sell signal.