Outlook for $EEM and the Chance to Hit 65 Next Week
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I'm closely watching $EEM these days. I see buying interest returning after the dip earlier this week. Today it closed at 63.415, which is quite strong.
Based on market structure and various factors, including a slightly improved overall sentiment, especially the potential for capital inflow into Emerging Markets after a long consolidation, I give about a 60% chance that $EEM can test the 65 level next week, provided no severe external negative factors emerge. Previous key resistance might now become slightly stronger support, but we must be cautious of profit-taking that could occur if it truly approaches that level. This is not investment advice, just my personal forecast.
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