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MDby u/mariam.demir·1dAnalysis

Watching EEM at 65 - Potential for Consolidation or Breakout

Been keeping a close eye on $EEM lately. It's pushing up against that 65 area, which has been a pretty sticky level for a while now. We saw it hit a high of 65.06 today, just brushing that resistance. From a technical perspective, it feels like we're either setting up for a real break above this zone, or we're in for some consolidation around these levels before another attempt. The daily candle still has some time to close, but a strong close above 65 would certainly catch my attention for a potential move higher.

The risk I'm watching is if it gets rejected hard from this 65 area and we start to see it drift back towards the 63.50s. That would suggest the resistance is still holding strong and any recent momentum was just another attempt that failed to gain traction. I'm not making any moves yet, just observing how it interacts with this key level over the next few sessions. It's a critical juncture for the index, in my opinion, and could dictate the short-term direction for EM equities.

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WSu/walid.saleh·1d

I'm with you on EEM; that 65 level has been a tough nut to crack. Are you seeing any specific volume patterns around these recent attempts that might indicate which way it's more likely to go?

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