Chart Of The Day: EM stocks... who will win this fight, bulls or bears?
Today's chart of the day once again focuses on the MSCI Emerging Markets triangle pattern and the lack of volatility that has been occurring since 2012. After a sharp correction from May 2011 into the trough of October 2011, Emerging Market stocks have been consolidating in a range that has become more and more narrow through 2012, 2013, 2014 and now 2015. Point blank, right in the middle of 1,000 point level there is a pressure cooker building. Who will win this fight, bulls or bears?