The downtrend keeps strong in the Emerging Markets, following the also bearish Chinese stock market (FXI). Any price action in the EEM between the 50 days and 100 days moving average is a good entry point to sell, minimizing the risks in the downtrend direction. Stop loss around the 200 moving average.
Trade aktif:
Price is testing 50 days Moving Average. An attractive starting point to open a short position for a couple of days.