Key Juncture for EM

I have no position in anything even remotely resembling EM right now, but I thought this daily chart of EEM was pretty interesting.

EM’s hope would be a USD pullback, as it was a featured member of the inflation trade. But even if Uncle Buck takes a rest, it’s no guarantee for the EMs. This chart is bearish until it proves otherwise, which it obviously has not done yet.

eem

Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas. You can also keep up to date with plenty of actionable public content at NFTRH.com by using the email form on the right sidebar. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.