iShares MSCI Emerging Index Fun
Investment Thesis
EEM found support at its rising 50-day MA during the June 5 high-volume flush and has since recovered to $67.88, still holding a golden cross and outperforming SPY on a trend basis. If it reclaims the $70 area, a re-test and eventual break of the $70.80 52-week high opens the door toward $73.
Why It May Work
Why It May Not Work
Timeline
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