I will be watching that...EM...4200
MSCI Emerging Markets enjoying the fact that the only 2 tweets coming from Trump, wasn't his usual “great and unmatched wisdom”. For now, there is a "partial deal" between the US and China, which got all the bears running for some short covering. While the SPX is up 1.7%, the MSCI Emerging Markets Index is enjoying the news A LOT more, increasing 2% since yesterdays close.
A break and close above the $42 mark, break a very strong resistance level; namely the top of a Descending Triangle. This could be very bullish for the #ETF. Next resistance level would then be $43.20, with a break and close above these levels suddenly bringing $45 as next target.
A break and close above the $42 mark, break a very strong resistance level; namely the top of a Descending Triangle. This could be very bullish for the #ETF. Next resistance level would then be $43.20, with a break and close above these levels suddenly bringing $45 as next target.
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Great break. First target reached - $43.20.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.