Introduction
Since the 2008 Financial Crisis NDX has been “the” trade for anyone looking for easy gains in equities. It has stomped out precious metals, emerging markets and the like. Even crypto powerhouses like Bitcoin and Ethereum are sideways against NDX since the 2018 crypto bear market and smaller alts have been clobbered against NDX in the most recent...
Emerging markets show a corrective decline for stocks from technical point of view and from Elliott wave perspective.
Emerging markets chart with ticker EEM made sharp an impulsive rally at the end of 2022, which indicates for more upside after a corrective a-b-c setback that is actually still in progress since the beginning of 2023. So, for stock market support...
AMEX:EEM looks to be breaking down here. On OBV, there's been a double top. Price looks to be breaking the upwards trend that's been forming since Oct 2022.
I think price is likely to hit the second support level at $33 before bouncing. However, if there's a strong move down, can see it hitting $30 as well.
To understand emerging markets you must first understand what the dollar (DXY) is doing. In this chart, I show you the relationship
between the two. You can see several key dates where reversal took place. To get a handle on what drives the dollar (see post below)
You need a good understanding of how the monetary system works, macroeconomics, FOREX, and the Bond...
The time seems to have come to consider allocating to Emerging Markets here, I am thinking of entering a position today. India and Mexico are set to benefit from decentralization of supply chains, China is about to get stimulus to consumption from govt, and AI is generally a source of growth and higher efficiency for the world going forward (solves the issue with...
The MSCI Emerging Index Fund (EEM) is posting a bottom rebound pattern similar to early 2016 and 2009. All all cases the 1W RSI previously broke below the 30.00 oversold level and rebounded strongly. As you see these bottoms take place approximately every 7 years. This indicates that the Emerging Markets are only at the start of a two year mega...
The $EEM daily chart is showing a massive Head and Shoulders formation, with the Neckline set at $38. This could be a sign that the price will soon break to the downside, as Head and Shoulders are usually considered bearish reversal patterns. The market will now be watching for a break below $38 in order to confirm the bearish reversal. If the price does break...
Cycles now point to a decline of 5.6 to 6.3 weeks .Fib we are nearing a .382 and almost a =c within a alt of an ABC . ALSO WE ARE NEARING A MATCH TO THE FIRST LEG UP 2009
Copa Holdings is in the Airline and Air Transport business mainly in emerging market areas. I’ve marked up this weekly chart and missed it as a trade in November 2022. It’s now looking like it may be ready to breakout of a 2-year base / area of resistance. See notes on chart for more details.
I’ll be ready this time as I set an alarm on the 2-year base area (it...
Emerging markets is completing a complex correction from an Elliot wave point of view.
The first leg of the C wave started in May21 and is currently retracing before heading lower.
Dollar index broke out and is now retesting the top of its previous range going back till '15.
Secondly EEM and Dollar index are inverse correlated when the market is trending.
VIX...
"Society which, according to its particular structure, shapes education in relation to the ends and interests of those who control the power in that society."
- Paulo Freire.
look for BRZU back up to $100 in spring time of 2023
With Asia struggling and China being overweighted in EEM ETF we will likely
open up lower tomorrow. The problem is this, We double top on the
big picture and barely hanging on to previous highs in a bearish structure that
will likely follow through in a wave 3 down.
DXY can run a bit higher, based on fib extension and candle patterns, this should find a catalyst to move it back down lower. This Dollar Long Mania is similar to the Gold fake-pump at the beginning of Russia-Ukraine conflict
WILMINGTON, Del. - President Joe Biden will draw a contrast between his economic plans and those of Republicans in remarks on Tuesday...
With the current fear of recession & rising inflation in the US, a lot of funds will be flowing outside into emerging markets, China & also Brazil which is rich in commodities especially now that the dollar seems to be peaking out as foreign markets slowly becomes more attractive to invest in.
EWZ may retrace down first to fill the gap at 33.65 green line. A...
EEM now near 41, has already fallen more than 30% from Feb2021 top at 57.19. Two weeks ago it fell to 39 the green VWAP from 2016 & bounced with a weekly hammer candle. It is now being rejected by a FIB CHANNEL level near the yellow 41-42 pivot zone. Holding this zone will see more upside maybe up to 44 or 46 before a c-wave down.
If 41/42 does not hold, there are...
EEM Emerging Mkt formed a big Violet wedge since the 2007-2008 crash. It currently gapped down & broke 40, a 0.618 level. If it does not reclaim 40 in the next few days, then It will go down to
37 to retest the lower edge of this wedge. 37 is also a 1.618 retracement of the latest rally.
See the 3 zones in the chart. Red is the sell zone. Yellow is the neutral...
