Submerging Emerging Markets

Published 11/29/2016, 12:13 AM
Updated 07/09/2023, 06:31 AM
EEM
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MSCIEF
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Monday was a good start to the week. I’d like to suggest that emerging markets (via iShares MSCI Emerging Markets (NYSE:EEM)) are just about to get whacked on the side of the head. The magenta pattern below is the top. The green area is the failed bullish breakout zone.

It is my considered opinion prices are about to descend deep within the green again.

EEM Chart

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