EEM trade ideas
Emerging market equities, due for a shakeup soon?rising wedge + negative momentum divergence...watch out from below.
Buying QQQ & Emerging MarketsI closed my last trade on Oct 20 and caught the top. I have been waiting for EEM to drop to the 50 or overshoot for a heavy buy.
It has bounced without tagging the 50ma, and same goes for the NASDAQ. I believe this is a sign of strength. Perhaps stocks around the world are entering the parabolic phase of the bubble.
I, for one, am starting to feel "left out", and I imagine the same of many other retail investors.
Buying EDC here. Stop below yesterday's low. Looking for a tag of the upper channel line over the next few weeks.
EEM: The Redhot Emerging Market: Waiting for an entrypoint.A potential Cup and Handle pattern. Entry possible at completion of handle.
EEM to test lower bound of upward trend.Expect lower bound of upward trend to be tested next week. A bounce would be a great entry for long position, a breach would be a short.
Watch px action and get ready for short if fails at 45 key levelIf EEM failes to recapture bullish trend above 45, then it will suffer serious damage. Also if USD gets stronger (I think this is quite likely), that could put more pressure on Emerging Markets.
Watch price action here. Keep your eyes on haDelta+ and haOscillator! These will tell you first if bulls can't gain momentum.
Wait for confirmation and get ready for short.
Waiting on EEM directionCurrently sitting on support. A move above the 50 day and we buy calls. A break below upward trend and we buy puts.
Bullish on EEM9/15/17 $42.00 Calls bought for $1.87, 11,025 contracts for a total of $2,061,680.00. Somebody is bullish on EEM.
EEM/VTI montly - time for emerging market - 7/26/2017The ratio bottomed and now is meaningfully turning up.
Emerging Markets Approaching H&S Target $EEMiShares MSCI Emerging Markets ETF($EEM) Weekly: $EEM completed its inverse Head and Shoulders pattern, breaking out of its neckline resistance back in July 2016. For H&S targets, we take the distance from the peak (of the head) to the neckline, in this case comes out to around 8, then project out the potential target level from the breakout (or breakdown when not inverted) point, which puts us right about $42.70. Currently, $EEM closed the week at $41.61, so about a point shy of the drawn H&S target. Also approaching the 2.0 mark on the fib expansion lines. So one would think that this will provide a point of resistance before going further.
grenadetrade.com
One should note here that the RSI is in overbought territory near this target, so that along with the MACD is something to keep an eye on to see when and how much this may correct for a breather before making its next move. I also wanted to note how #EEM made a higher RSI level contrary to the lower price level (at the “head”), making a bullish divergence, and continued to do so with the right shoulder. This should have been a flashing sign that the this ETF was about to make a break higher, and it would have gave two chances, one at the breakout point of the resistance and the retracement double bottom to the neckline at the end of 2016 year.
Head&Shoulder Bottom in EEMEEM, the ETF that tracks emerging market index have recently break out of the H&S bottom as well as 6-month+ trend channel, thereby indicating a bullish movement
EEM(daily chart). Possible Geo, EW, at trend line resistance.EEM(daily chart).
Possible Geo.
EW Ending Diagonal.
Weekly trend line(s).
US Equities & Emerging Markets Correction???The Emerging Market ETF has just tagged a huge area of confluence this week shown on the monthly chart. This should be of interest to anyone trading US Equities or the EM pairs such as USD/MXN. Its worth noting that on the three previous occasions this long term trendline was touched a correction occurred in US Equities as highlighted on the chart, once minor and twice the start of something more significant.
The Yen also appears to have further to strengthen with key levels broken in NZD/JPY and AUD/JPY as well as the potential false channel break on the USD/JPY
I'm of the opinion that the decline this week in Equities was just the beginning of a larger correction and the rebound today was a gift to top up on shorts. Perma Bulls are starting to believe the buy the dip mentality is fail proof, yet again seeking new all time highs and alot of sellers losing the will to live which normally suggests a move maybe just around the corner.
Good luck all
Any thoughts or ideas are appreciated
