LET'S TAKE THIS ONE STEP BY STEP. Notes. Despite changing my bearish thesis to a "3-step zig-zag" up ala S&P500, I am not as confident about it (after I detailed everything"). So let's take this one week by week. Right now, I see a shallower drop like the previous post with TSLA. So still going down, just not as much before the bounce up.
FORMAL CHANGE OF THESIS, AND NOTES OF CROSS-ASSETS CORRELATION. Notes: From here on out (10/28/20 8:01 PM CT), this chart (above) will be standard format for OS# posts. In Draft 1, I saw a giant move down coming because the "major periods" look really bad. After a full count (line by line) analysis, I couldn't say that seriously and noted in Draft 2 noted that...
IN DRAFT 1, I PRESENTED THE EEM DESTRUCTION THESIS. AFTER SEVERAL INSPECTIONS, I DON'T HAVE EVIDENCE TO SAY THAT IS THE CASE. Notes: With that said, EEM will still be one of the 10 or 12 tickers I track bc of its popularity (not necessarily on TradingView0. Here is the 3 week outlook.
iShares All World Index ( ACWI ) vs Nasdaq 100 ( QQQ ) vs S&P500 ( SPY ) vs Emerging Markets (EEM) vs South Africa ( EZA ) highlights how very poorly South Africa has compared to the world, emerging markets and the USA.
THIS COULD BE WHAT A BEAR'S DREAM WOULD LOOK LIKE. Notes: This is first draft, yes I get that, but the line up is really, really, really bearish. Will definitely add more for this one. Can't say when.
Compared to US indices, AMEX: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
I highly suspect that #eem will go on gaining while dxy sell off is settled and enormous covid cases surging in India. Also, emerging countries will not be the first ones that recieves vaccine. I believe we are about to enter a tough 1 - 2 month for all #eem
Hello Traders, As our followers know we remain bullish in the US equities however, there are definitely some signals that are pointing towards some more volatility. We're not ready to short the US market just yet but as the dollar rises we want to also leave some downside hedge. We'll be targeting EEM. Many emerging countries do not have enough dollar...
Has been consolidating and IMO basing for a bottom. Rejected breakout though so may need more time. Stay flexible 🤸🏼 $UUP $EURUSD $USDJPY $EEM $GLD $BTC $TNX $TLT $SPY $QQQ #Trading #Currencies 💱
I highly suspect that #eem will go on gaining while dxy sell off is settled and enormous covid cases surging in India. Also, emerging countries will not be the first ones that recieves vaccine. I believe we are about to enter a tough 1 - 2 month for all #eem
Shiller vs. Spx for Aug 11th, 2020
EEM Long Entry 14:31:49 (UTC) Tue Aug 11, 2020
There is an old saying in technical analysis… If you can get the dollar right, everything else follows. So what are we seeing? We are seeing the dollar trending downwards. Dollar trending down has been one of the “machines” favorite things to chase as of late. There is a very high correlation to down dollar, up stocks. There is also a strong correlation to down...
These trades remain open from the original sell signals given on Jul 31 23:33:15 (UTC) Sun Aug 2, 2020
Few believed this bear flag would result in such a move. Went even further than I thought breaking key TL on monthly ... backtest soon $EURUSD $USDJPY $EEM $GLD $TNX $TLT $SPY $QQQ #Currencies 💱
Up 1.8%, the breakout here is clear for the EM as I called 3 weeks ago. This was assisted with Asia slowing in 2017/18. Asia looks better at this point because Asia technically slowed down before the West. !THD and !IDX are good longs and I will be taking them. 13:19:40 (UTC) Tue Jul 28, 2020
Emerging Markets ETF 5 wave impulse is also carving out a wave (3) top. We are looking or the immediate wave (5) to fail into 44-46 level setting up for a wave (4) consolidation that would set the tone for EEM into Oct 20’