Emerging markets ETF iShares (ARCA:EEM) doesn’t have much to brag about since 2007, as it's down 30% from its highs
It doesn’t have much to brag about the past three years either as it's at the same price it was in 2012, while so many market are much higher than 2012.
EEM is testing sideways channel support at (1) above. So far it's been a good place to buy EEM on this support line. Will it be different this time?
If channel support happens to give way, emerging markets could turn into “sub-merging” markets, as frustrated owners of the ETF could ramp up their selling.
Big test in play friends.