Technicals of iShares MSCI Emerging Markets (AMEX: EEM): 15 October 2019, Tuesday

Technicals of iShares MSCI Emerging Markets (AMEX: EEM):

15 October 2019, Tuesday
(Click on the Technical Chart Above to Expand)

Attached is the Technicals of iShares MSCI Emerging Markets ETF (AMEX: EEM). It is completing its large and bullish cup-and-handle soon. A large scale cup-and-handle brews for a large scale upmove. Expect hot monies to flow back to Emerging Markets and Asian Markets in 4Q-2019 and whole of 2020. The orange trajectory is the projected trajectory. The volume as illustrated is the decreasing volume of accumulation and selling is dry already. The markets are bullish against widespread belief. Year 2019 trade war was used as a massive re-accumulation, contrary to the herd's actions and expectations.

The Donovan Norfolk Technical Rating:
Bullish

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