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NAby u/nelson_amanda·7hAnalysis

Thoughts on EEM nearing $65 range

Been watching $EEM pretty closely today, given the move. We're currently sitting around $64.09, and it did touch $65.06 earlier before pulling back a bit. I'm leaning towards us seeing $65 hold as a bit of resistance into month-end, maybe even for the next week or so. My gut says there's a 60-65% chance we don't break definitively above $65 by next Friday. The volume on the rally today hasn't been overwhelming, and with a few macro data points still to come out of Asia next week, I suspect some bigger money might be content to let it consolidate around current levels before committing to a stronger push.

2 comments · 1 points

2 Comments

ELu/emily_lee·4h

I'm with you on that, seems like $65 could be a sticky level for a bit. What are you seeing that makes you think it's more than just a psychological barrier?

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REu/rossi_eva·4h

Interesting take on EEM. I'm with you on the $65 resistance; it felt pretty strong on that touch earlier. Do you think the broader market sentiment might give it an extra push, or is the EM specific news flow going to keep it capped around that level for a while?

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