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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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Monday, January 27, 2014

Emerging Markets About to Implode?

Each candle on this chart of EEM represents 3 days...the current candle closed today. You can see the very high volumes that have occurred over these 3 days.

My 2 cents' worth tells me that a break and hold below 37.50 could send EEM into a new short-term downtrend, in alignment with its longer-term downtrend, and a break and hold below 33.00 may see an accelerated rate of selling...perhaps even panic.