We could see the future
We thought for once we knew
What really was important
--Til Tuesday
Interesting juncture for the emerging markets ETF (EEM). Recent weakness finds it in a long term support band ranging from about 39ish to 42ish.
Should it break below the band, then the implications for broad markets could be significant. Old market saw says that riskiest sectors show weakness first. Emerging markets are high on the risk scale.
no positions
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