eemabouttosubmergerjuly9CLICK ON CHART TO ENLARGE

Emerging markets ETF EEM doesn’t have much to brag about since 2007, as its down 30% from its highs

It doesn’t have much to brag about the past three years either as its at the same price as it was in 2012, while so many market are much higher than 2012.

EEM is testing sideways channel support at (1) above. So far its been a good place to buy EEM on this support line. Will it be different this time?

If channel support would happen to give way, Emerging markets could turn into “Sub-merging” markets, as frustrated owners of the ETF could ramp up selling of shares.

Big test in play friends!!!


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