FINANCIAL ICEBERG
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 TECHNICALS
Emerging Markets: 50% Fibonacci Zone at Play ? 
 October 6 ( From TradingView )
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A few charts below are worth a look: the iShares Emerging Markets
​( EEM ETF in Candles - First Chart Below ) compare to the iShares Core SP500  
​ETF ​
( IVV in the charts below showed in Bar Chart )...

​​EEM is underperforming Tremendously since October 2010. ​​​​​EEM
​( ​on a relative basis ​- ratio of EEM ​over IVV ) is still within a huge ​downward
​channel that started on October 2010. Last time we reached
​those levels on a Relative Basis was back September 2004. 
​ ​​( See Second chart below - Candles )

​​​​​First sign of reversal on a relative basis will be when the 20 DMA ( Day Moving ​Average - Yellow Line ) will cross above the 50 DMA ( Day Moving ​Average - Red Line ). ​( ​See Second Chart Below - Ellipse.)   But the Real Major Reversal will be when we finally break the downward channel on that ratio that started back in October 2010. ​( See Second Chart Below.)

​​​​EEM have been in a free fall compare to the SP500 Index and still within a Daily downward Channel.
( See First Chart Below ) Also Observe the Shooting Star we had on September 17 2015.

​​​Also quite interesting is the behavior lately of the EEM and US Dollar Index (DXY). The EEM is underperforming when DXY is strong and vice versa... ( See Third chart below - Ellipses )

But the most interesting tecnical factors are that we broke on the week of July 20 a Major Rising Wedge Pattern that started back in May 2009 but more importantly that we retested the 50% Fibonacci level at 34.33 On October 5; a crucial technical Weekly test for the EEM ETF indeed. ( See 4rth Chart Below  - Ellipse )


​​


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iShares MSCI Emerging Markets ETF ( EEM ) ( Candles / Right Scale )
Emerging Markets: 50% Fibonacci Zone at Play ?        $SPY, $EEM  #Trading #investing  #eem #SP500


RATIO
​iShares MSCI Emerging Markets ETF ( EEM ) over
​iShares Core SP500 ETF ( IVV ) 
50 DMA ( Red Line )​

  EEM ( Top Panel )​
CORRELATION​
EEM over DXY ( Middle Panel )
​​US Dollar Index ( DXY - Bottom Panel )
Financialiceberg.com
Financialiceberg.com
Financialiceberg.com
iShares MSCI Emerging Markets ETF ( EEM ) ( Weekly Candles / Right Scale )
Financialiceberg.com