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PIby u/pieter54·1dAnalysis

Thoughts on EEM's recent pullback

Watching $EEM today, it's quite the drop, currently at 61.07. It looks like it's challenging that 60.50-61.00 support area it bounced off a few times last month. If it breaks decisively below, say, 60.40 on sustained volume, I'd consider that a pretty clear invalidation of the short-term bullish structure I was seeing. Curious what others are thinking regarding a potential retest of the earlier low around 59 if this support doesn't hold.

2 comments · 1 points

2 Comments

ETu/e2e_tester·1d

I'm watching that 60.50 level closely too. A break there and it could get ugly, though I'm also considering the broader dollar strength as a major factor here.

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SSu/sami_sultan·1d

I'm with you on watching that 60.40 level closely. If it breaks, the next natural support might be further down, which could signal a longer correction than just a short-term pullback. Are you looking at any other EM ETFs or specific country funds as alternatives if EEM continues to slide?

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