Browse Stacks: Patterns: Trendlines: emerging-markets-testing-cluster-of-resistance-july-6.jpg (1296×676)

emerging-markets-testing-cluster-of-resistance-july-6.jpg (1296×676)

Emerging Markets (EEM) has done well this year, gaining over twice as much as the S&P 500 (17% -vs- 7%). These gains have Emerging markets facing resistance dating back to the highs in 2008 and a couple of other important resistance lines in the chart below.