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EEM Outlook: Market Reversal Ahead?

Published 11/02/2014, 01:16 AM
Updated 02/01/2024, 03:34 AM

The Emerging Markets ETF (iShares MSCI Emerging Markets (ARCA:EEM)) had a second upweek in a row after a long time, getting above its 200-day MA again, which is very positive. A close above 43,50 may signal the start of the market reversal.

EEM ETF, daily chart

EEM-ETF

Among individual emerging market indices, China’s Shanghai Composite and India’s CNX-100 have a nice technical picture, while Russia’s RTSI and Brazil’s Bovespa lag, but rebounded nicely in the last few days.

China SHANGHAI COMPOSITE Index, daily chart:

Shanghai Composite

India CNX-100 Index, daily chart:

CNX 100

Russia RTSI Index, daily chart:

RTSI

Brazil BOVESPA Index, daily chart:

Bovespa

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