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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

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    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

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