View: Technical consolidation of $EEM

Technical consolidation of $EEM

I am noticing interesting bullish divergence in select international ETFs. Specifically, there are a few Emerging Markets ETFs poised to breakout to new highs because these ETFs have a low correlation to the direction of the U.S. broad market. The two ETF tickers on my radar screen setting up for potential swing trade buy entry (IF and when we get stabilization in the broad market) are: EEM (iShares Emerging Markets) and EWH (iShares Hong Kong). This article is my brief annotated technical analysis of both these ETF setups.


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