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DCby u/dcastro·17hAnalysis

EEM at a decision point, again

Watching $EEM here after that move up yesterday. We're right back at the 64.40-64.50 resistance zone that's capped it a few times in the last month. The daily candle yesterday was decent, closing near the high at 64.32, but if we can't break and hold above 64.50 today or tomorrow, it's difficult to see significant follow-through. I'd be looking for a rejection and a move back towards the 63.30 area if it fails to clear this overhead supply, invalidating any immediate bullish continuation. It just feels like a lot of these EM plays are just treading water until there's a clearer macro catalyst.

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