EEM(daily chart). Possible Geo, EW, at trend line resistance.EEM(daily chart).
Possible Geo.
EW Ending Diagonal.
Weekly trend line(s).
EEM trade ideas
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
No downside risk trade on Emerging Markets (70% probability)With 32 days to expiration and a 42 IV rank I Sold the 39.5 Straddle and bought the 38.5 Put, now If the price corrects down we don't have any risk to the downside.
The Trade:
Short 39.5 Call
Short 39.5 Put
Long 38.5 Put
Total credit of 1.15 per contract.
70.5% probability of profit
EEF ETFWhat is showing on this daily EEF ETF chart is:
ETF seeks to track the investment results of an index composed of large- and mid-capitalization emerging market equities.
1) 5th wave of a bullish elliot impulse wave up (see weekly chart for all).
2) Red Trend line up (not broken yet).
3) Price action reversal zone ( orange box on top)
4) Four Support areas ( S1, S2, S3 & S4)
5) EEF ETF, per history gives out Dividends June & December, next month (0.25 to 0.40 per share)
* Trade ideas:
1) Trade bearish for near future
2) Could short shares and/or do put options
*Always follow price action, trends, support and resistance areas. Money management is key.
short term bearish long term bullish expected us GDP will very weak Q1 by atlanta fed which come out April this month, which good for EM long term. But the technical screaming retracement for at least a month, therefore let see what will happen
Gann Square of nine and 180° Northtrue node Moonposible price for 21 of april same as 02/24 Square of nine indicates reversal same or next day
EEM/SPY breaking out The ratio is breaking out and is above 10 month MA. 10 month MA itself is turning. Probably an indication emerging market should be overweighted gradually.
EEM assiting the rest of the market higher but may not continueAMEX:EEM AMEX:SPY FOREXCOM:SPXUSD CME_MINI:ES1! INDEX:VIX NASDAQ:QQQ AMEX:IWM
short term bullish long term bearlishshort term - this week, classic downward breakout gap and fill then exceeded the gap during re-bounce , very bullish signal, ROC reach short term retracement bull trend level. see touch resistance 39 - 39.5 (green or red line dont know which one). XLE hold up despite oil crashing down, translate to fundamental is still good this month for whole world.
i still short long term
Gann Square of nine next reversalAccording to Gann's Squareof 9 the last downward movement was 247 cents falling in the 76 ° degree of the Squareof 9 the peaks were very close or just at the same angle calendar days ie 14, 33 and 60 The next is 95 calendar days
EEM: Personal Study of Supply+Demand+Financial Auction Markets#1
No View. I am just making observations.
Time to short Emerging Markets - EEMLonger term trade here with fundamentals and technicals aligning.
Technicals
I will be shorting EEM as it has completed 5 waves inside of a long-term downside Elliot wave. We will be looking to short EEM as it completes a long-term wave 5.
Fundamentals
The US Economy is strong. The Fed will more than likely hike rates in March or soon after. The rate hike with strengthen our dollar, therefore weakening other countries currency. Trade with the US will also be "more expensive" for Emerging Markets. We feel EEM will be hurt by the current US Economy.
Post your thoughts and comments below.
TECHNICALS | EEM False BreakEmerging Markets has made a false break as the Trump train reversed, but as DXY has found support, it seems most likely this is an ideal entry to play EM back towards the middle of its range!
Emerging Markets - EEM - Uptrend and Bearish SentimentIt looks like the long term downtrend is ending here:
There is a lot of consensus that the Trump Presidency will crush emerging markets by way of the destruction of trading partnerships and new trade wars. But that post-election decline has fully retraced AND with all of the fears of euphoria in the US with equity prices at all time highs and appearing extended in price and appearing extended in valuation, this Emerging Markets ETF is certainly showing a very different picture. The fears may be overblown about Emerging Markets AND there may be plenty of upside now that the sellers have sold all they can sell. Old buyers are sellers here at the 38-42 range, which it tested last year and now appears to be going for another test here in the first quarter. (January high 37.62, 37.38 last).
Tim 10:39AM EST January 31, 2017
Inflation, China and Emerging MarketsIn higher inflation environments, money flows typically begin to head into emerging markets. This is primarily due to the fact that many of them are commodity producers. When looking at capital flows into EM-nations and real treasury term premia, it is this capital flow which is partly responsible for driving up interest rates.
When taking this into account, it is expected that continued flow into emerging markets will keep interest rates elevated.
However, there is an increasing relationship into capital flows into emerging markets and China’s monetary policy, which to say the least is non-consistent.
We believe the late-cycle inflation in the U.S., plus the likely even that China could face another liquidity crunch, the outlook on EEM is neutral. Although, price momentum is strong the rapidly declining volume is a key signal that a bull trap could be in place.
Key risk ranges available on chart.
TECHNICALS | EEM Breaking-OutEEM looks to be breaking-out beyond technical resistance and through the top of the value area as indicated by the distribution on the left axis.
EEM giant love triangle Huge monthly triangle on this ETF favorite. Currently a nice inverse hs pattern is in motion. Target is conveniently measured right at the upper trendline. Would be really awesome to see it breakout this year.
