“EEM is testing sideways channel support at. So far it’s been a good place to buy EEM on this support line. Will it be different this time? If channel support would happen to give way, Emerging markets could turn into ‘Sub-merging’ markets, as frustrated owners of the ETF could ramp up selling of shares,” adds Kimble
iShares MSCI Emerging Markets ETF
Chart Courtesy: Kimble Charting Solutions
Tom Lydon’s clients own shares of EEM.