Emerging markets is extremely bearish
Bearish shooting star pattern right into channel resistance and just below major resistance line. You'd have to off your rocker to buy EEM exposure here, not with Fed day next week.
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I made a mistake, this is a dragon fly doji, nonetheless still bearish.
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Updated my charts a big.
Daily
Daily
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Weekly
The case could be made for a bullish descending wedge, however I am inclined to distrust it due to fundamental reasons taking precedence (i.e., China walking away from tarriff discussion, fed week next week with possible interest rate hike, etc.)
The case could be made for a bullish descending wedge, however I am inclined to distrust it due to fundamental reasons taking precedence (i.e., China walking away from tarriff discussion, fed week next week with possible interest rate hike, etc.)