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Watching EEM - Potential Rejection at 66
Been keeping an eye on $EEM today. It popped up nicely, currently sitting around 65.525. On the daily chart, that 66 level has been pretty stout resistance for a while now. We've seen a few attempts to break through there over the last month or so, and each time it's been rejected. I'm looking for signs of weakness around that 65.80-66.00 range. If it can clear and hold above 66.20, then the prior resistance would likely become support, and I'd reassess, but for now, I'm expecting some sellers to step in again.
1 comments · 1 points
Good call on EEM's resistance at 66. I'm seeing similar patterns, with that level acting as a strong ceiling recently. Curious if you're also watching volume for confirmation of a rejection or potential breakout.