Emerging Markets Break Resistance

We noted in NFTRH 337 that the EM’s were attempting to break through resistance.  While this is just short-term stuff (longer-term charts remain neutral at best) the first 3 days of this week have amplified the breakout.

Among other things, this might be viewed as being in alignment with a continued correction to Uncle Buck’s bigger picture bullish trend.

EEM daily, from NFTRH 337

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