Emerging markets are flashing an interesting signal here, the weekly trend is up, and strongly, but will expire its current advance by the week ending on Dec 18. If we get some kind of unexpected issue before COVID vaccines are widely available, we could get some kind of correction here perhaps. Alternatively, we get a sideways consolidation and the markets keep...
Ratio appears to have bottomed
We broke out the neckline of an (albeit stretched) inverse head&shoulders pattern. Big resistance coming up. I'd go long if resistance is broken and support retested & confirmed
Large effective volume over the last few weeks. Effective volume is calculated on the 1 minute time frame Small gap not far under price NV and OBV show interest Just an observation Top 10 Holdings BABA - Alibaba Group Holding Ltd ADR8.70% Tencent Holdings Ltd6.65% Taiwan Semiconductor Manufacturing Co Ltd5.66% Samsung Electronics Co Ltd3.62% Meituan2.02% NPN...
- The ETF has is closed to breaking the high of 2020 which should then open 52.50 as a target. - Below 45.00 triggers a DBL top short position. -- MANAGE YOUR RISK - - Disclaimer: All ideas are my opinion and should not be taken as financial advice. AMEX:EEM
I will aim to buy puts at the 46.00 weekly resistance level and exit around the 45.55 daily support level. My stop loss will be slightly above the 46.00 weekly resistance level. LETS GET IT.
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...
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
EEM Long Entry 14:31:49 (UTC) Tue Aug 11, 2020
Rising wedges are supposed to be bearish, but EEM have pretty bullish look on this chart. The breakout today could be bull trap, but if we stay above the current level (ATH from April'19), the breakout would be confirmed. Looking at the chart there isn't much headroom to grow — the last 52W high is this year January's 46 level. I'm long option call here and...