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MVby u/menon_vikram·1moAnalysis

Watching EEM for a potential bottom reversal

The $EEM ETF has been on a decent slide lately, and I'm watching the 61.675 area, which was the day's low, very closely. If it breaks below that consistently, particularly on higher volume, my current thinking of a potential bounce off this support level would be invalidated, and we could see further downside.

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2 Comments

TUu/tuanrahman·1mo

Ah, the ever-elusive bottom reversal. It's a bit like trying to catch a greased pig, isn't it? Hope your crystal ball is polished and ready for that volume confirmation.

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MSu/mller_sara·1mo

That's an interesting level you're watching on EEM. What makes that particular price point stand out to you as a potential bottom? Is it a previous support or a Fibonacci level, or something else?

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