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EEM

Emerging Market Futures Positioned to Move Towards 1100Trend Analysis The main view of this trade idea is on the 4-Hour Chart. The Emerging Markets Index Future (MME1!) appears to be in a descending triangle pattern setup. The support line is observed around the 1210 level while the resistance line was created with the lower highs of 1332, 1305 and 1295. Expectations are for a breakdown in MME1! around 1210 which should take the security lower towards 110. A negation of this chart pattern setup will be seen if MME1! Rallies towards 1300. On the Daily chart MME1! Is making a leg lower towards 1210 support. The overall trend is down. Technical Indicators The RSI is currently less than 50 with the KST in a sell mode. The short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages are above MME1!’s price. The Mas also have had negative crossovers over the last month. These are bearish signs from the technical indicators. Recommendation The recommendation will be to go short at market, with a stop loss at 1300 and a target of 1100. This produces a risk/reward ratio of 1.41. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing I have exposure to MME1!.
ICEUS:MME1!Short
by Ceddy86
NIFTY500 may outperform the S&P500 RSI has shown a descending triangle - upward breakout TSI has already given a +ve crossover and now has moved over the 0 line Similar signal in KST Indicator Waiting for action signal on NIFTY500 is must before long entry is made ********************************************************************************************* DISCLAIMER: I am not a SEBI registered investment advisor. This content is for educational purposes only. Invest capital at your own risk only after doing your own due diligence *********************************************************************************************
NSE:CNX500Long
by Samyak_Shah
Emerging Markets Indicates Deeper Correction On StocksHello traders and investors! Today we want to show you an interesting chart with clear Elliott Wave pattern suggesting deeper correction, which may have an impact on stocks across the globe. We are talking about Emerging markets (EEM), where we clearly see a completed five-wave cycle from March 2020 lows following by bigger and deeper (A)-(B)-(C) correction. As you can see, after we noticed a bearish triangle pattern in wave B), we can now see it breaking even lower, ideally for wave (C) that can send the price down to 42 support area. If that's the case and EEM goes sharply and impulsively for wave (C) then be aware of a bigger decline on stocks now at the end of the year. Trade and invest smart! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
AMEX:EEMShort
by ew-forecast
2
The Ending of an Era - HSIOriginal Chart This is Based Off 2018 update Original Trade Strategy Around This Chart Everything should be self explanatory in the chart. Of course - this will work until it doesn't, but since the 1990, the HSI index hitting its upper resistance line has nailed every major global market top within a very short timeframe. You can see how perfect this has timed markets with the correlation to the SPX index in the lower chart. Hypothetically speaking, when you would hit the upper resistance line, you would short emerging markets to hedge against whatever is about to happen. Then when this hits the lower resistance line, you would go long major market indexes until you arrive back at the upper resistance line (SPX, etc). 2022 - End of an Era? As most can see, this chart is a very very long narrowing wedge / channel. The volatility between drawdowns and rises was far greater the further back you go, and the drawdowns have all been proportionally smaller as we narrow within the channel bouncing off top and bottom resistance (and sometimes in between). With that said, narrowing channels like this indicate increasing fragility of the trend, and potentially suppressed volatility. Eventually, something has to give, and this will break the long term pattern. I believe we're close to that point, and that's not a good sign for asian markets. I don't know exactly what would happen if this breaks to the downside, but I don't think it would be pretty. Stable systems such as this have a way of becoming extremely chaotic when the stability breaks. Chaotic markets = drawdowns / crashes, and given the current state of Chinese markets and politics, this shouldn't be too surprising that it could be possible. The ongoing Chinese real estate crisis is just getting going, and the party has so far remained committed towards deflating their real estate bubble. Fundamentally, Hong Kong is just as bad if not worse than China from a real estate speculation / valuation perspective, yet there are additional problems in HK with people fleeing the territory due to the Chinese takeover following the 2018 protests. Demographics are strongly against this market, valuations are strongly against this market, and the current economics of this look rather dire without any major positive windows into future development / growth. From a technical perspective, this is also far weaker than every other time it's hit the bottom resistance line. Note that every other instance we hit the lower resistance line, we also were hitting the lower monthly bollinger band at the same time. Not included within the chart, but momentum indicators also are showing a lot of negative divergences. You can see this from simply looking at the chart and noting the covid recovery bounce has been far weaker than every other post-lower boundary recovery bounce. We didn't even make it up to the middle resistance line before retesting. My guess and view is that this won't break easily, but it will break dramatically. I think there is a good chance we see another rally here back towards one of the resistance lines, but after that, momentum will have really worn off. I also think we could chop around the lower resistance for a while, but ultimately, we are likely going to break down here on a secular basis. Maybe Kyle Bass will actually be validated after being wrong for 10+ years (except he's probably already been stopped out of all his poorly timed trades)?
TVC:HSIShort
by GTStockmaster
22