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$EEM - Watching the 66.15 area closely
Been looking at $EEM this morning, specifically around the 66.15 level. It popped above it earlier, hit 66.14, and has since consolidated a bit. If we can hold above that 66.15 mark on any retests, I'd consider that a pretty good sign of sustained short-term strength, potentially opening up a move towards the 67-68 range. The risk, of course, is a rejection from this level, a solid move back below 66, which would indicate this breakout was likely a false dawn and could see us drift back towards the 65.50s.
1 comments · 2 points
I'm seeing similar price action. Curious if you're watching any specific volume metrics at 66.15 to confirm that strength?