Emerging Markets are showing signs of life at least for the short term. After years of underperformance discussed in previous graphs. EM is at extreme oversold lvls vs DM and showing signs of life. A weekly close above the recent downtrend (blue line) would be encouraging for a period of outperformance with eyes on our longer term charts previously published where...
Similar charts making the rounds today and reinforce our view that EM will be a better place to be over the next 10yrs. This relative value chart indicates that EM has gotten too cheap vs S&P and showing signs of being oversold and close/at an inflection point on different TA indicators. Long EM/short DM is the trade for the next 10yrs. For naked EM longs look for...
Emerging Markets looking to me like we have put in a low with this Reverse Head and Shoulders Pattern. I've drawn in what I feel would be a proper neck line that we are over at this point. It is under both the 50 and 200 SMAs but it has regained both the 10 and 20 EMAs. I've taken a small position and my stop will be 48.80 where I would deem this idea void. Ideas,...
The iShares MSCI Emerging Markets ETF is a good choice for today high IVR credit trade. High PoP, very predictable profit.
Reasons:
- high reward for Jan21 monthly expiry (mangeable with rolling) -> collecting credit
- breakeven point is far
- RSI is oversold.
Max profit: $92
Probability of 50%Profit: 84%
Profit Target relative to my Buying Power: 14%
Req....
EEM is looking weak at the bottom of this range its been in for a few weeks, if market sell of continues we may see this break below 49/48.75 which is a clear break of the channel support. Next key level below 46.25, may see sell off to this level before prior bulls come in to defend.
Hello traders and investors!
Today we want to show you an interesting chart with clear Elliott Wave pattern suggesting deeper correction, which may have an impact on stocks across the globe.
We are talking about Emerging markets (EEM), where we clearly see a completed five-wave cycle from March 2020 lows following by bigger and deeper (A)-(B)-(C) correction. As...
Wave A being followed by Wave B in an overall upward Zigzag. Momentum dropping and pivot already confirmed. Good luck and stay safe.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to...
$EEM Massive bull wedge on verge of breakout.
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Looks like a bullish continuation pattern has emerged and further upside can take place holding the support zone.
Look to scoop and add on further breakouts.
Corrective structures are tricky, the wave b emerged within a complex structure.
The map posted in 2018 appeared to be valid (see related) and I dropped it early.
This is a refreshed chart of the old map.
The wave B slighlty exceeded the top of wave A.
The wave C down could emerge in 5 waves down within the strong impulse or an ending diagonal.
Price could retest...
