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EEM looking a bit stretched around 65.90
I'm looking at $EEM today, and while the momentum has been decent, the 65.90 area seems to be a sticky spot. We've seen a couple of rejections there recently, and the day's high of 65.94 today suggests it's still acting as resistance. If it manages to push decisively through 66.00 and hold, that would certainly invalidate this short-term resistance observation, but for now, I'm just noting the prior price action.
1 comments · 11 points
I'm seeing something similar with EEM. It seems like there's a lot of supply hitting the market around that 65.90-66.00 range, which is making it hard for the price to break through. Do you think there's a specific technical level or a large options open interest around that area contributing to the resistance?