Longer term trade here with fundamentals and technicals aligning.
Technicals
I will be shorting
EEM as it has completed 5 waves inside of a long-term downside Elliot wave. We will be looking to short EEM as it completes a long-term wave 5.
Fundamentals
The US Economy is strong. The Fed will more than likely hike rates in March or soon after. The rate hike with strengthen our dollar, therefore weakening other countries currency. Trade with the US will also be "more expensive" for Emerging Markets. We feelEEM will be hurt by the current US Economy.
Post your thoughts and comments below.
Technicals
I will be shorting
EEM as it has completed 5 waves inside of a long-term downside Elliot wave. We will be looking to short EEM as it completes a long-term wave 5. Fundamentals
The US Economy is strong. The Fed will more than likely hike rates in March or soon after. The rate hike with strengthen our dollar, therefore weakening other countries currency. Trade with the US will also be "more expensive" for Emerging Markets. We feel
EEM will be hurt by the current US Economy. Post your thoughts and comments below.
Follow me to stay updated with this trade and any other trades I initiate.
Dylan
Dylan
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Follow me to stay updated with this trade and any other trades I initiate.
Dylan
Dylan
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.