1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

We Remain Long EEM in Our Model Portfolio. EEM Continues to Exhibit Relative Strength...

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    While iShares MSCI Emerging Markets (EEM) appears to be mimicking the ES (SPY) pattern off of the Jan 20 low, in fact, it exhibits a relatively stronger set-up than SPY as it heads for a challenge of initial resistance at 30.60/75, which if hurdled, will trigger higher projections that point towards a confrontation with much stronger resistance starting at 31.60. Let's notice that today's early strength has popped EEM above its Nov-Feb resistance line at 30.00/05, which if preserved into

    Continue reading...

Share This Page