If price breaks and holds above the 200 MA shown on the Daily ratio chart below of EEM:SPX, we may finally see a recovery on the horizon. Otherwise, look for extreme weakness if price falls and holds below the 50 MA.
The following 60-day 60-minute comparison chart of the Major Indices vs EEM shows that recent buying in EEM has outpaced the majors...one to watch to see if that risk pattern continues.
