Emerging markets breaking down as well
iShares MSCI Emerging Index FundArca
Deskripsi
⋅ Compared to US indices, AMEX:EEM looked relatively strong in recent weeks, however, it seems that market forces taking emrging markets lower as well.
After uptrend support was broken, EEM fromed head&shoulders right at 2018-2020 major resistance and yesterday we witnessed breakdown.
Good odds at least 10% correction would be witnessed from here