You can't make it up folks. I said in 2016 that the emerging markets made a generational bottom. Next leg up starts here.
In 2016 the EEM was left for dead, along with the Euro and many other things that were anti-dollar. Sentiment is an amazing thing. You can see what EEM did over the next 24 months to those that thought the dollar was king at 103.
Once Wall Street became a BULL ORGY on emerging markets at the beginning of 2018 I knew we were in some trouble. You can see for the last 9 months that EEM has basically gone straight back down to the prior breakout and MAJOR decade long support around 41.
Now that Wall Street has puke up the short dollar thesis for good and back to being long the dollar, and after they have puked up the emerging markets rally they were long at the beginning of the year, it is time to go balls to the wall long EEM here. I am actually pissed I missed allocating my 20% remaining into this 48 hours ago, but this is only just beginning folks. I am trying to scrounge peanuts here compared to the bigger move.
Dollar Down - Emerging Markets Up - Metals Up - Crypto Up
Published on
by heyimsnuffles
Upvoted.
DISCLAIMER: Your post is upvoted based on curation algorithm configured to find good articles e.g. stories, arts, photography, health, etc. This is to reward you (authors) for sharing good content using the Steem platform especially newbies.
If you're a dolphin or whales, and wish not to be included in future selection, please let me know so I can exclude your account. And if you find the upvoted post is inappropriate, FLAG if you must. This will help a better selection of post.
Keep steeming good content.
@Yehey
Posted using https://Steeming.com condenser site.
Very interesting long term chart, now I know why you are bullish on EEM.
Target is at least 55-60 here. This rips up when the dollar gets smoked in the coming months