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.


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