It’s a Start

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Yesterday I noticed how the emerging markets fund (EEM) was in a reliable channel for the past year and it seemed plausible that we’d start heading south. Although one shouldn’t draw conclusions based on just an hour of trading, at least we’re off to a decent start. Personally, I’ve got March $52 puts on this:

slopechart EEM

Here is the chart with the %R indicator, illustrating its fairly relatively “cycling” behavior:

slopechart EEM