3. Emerging Market Equities – Breakout
I previously noted Emerging Market equities were facing a test, and preliminary results show it has passed that test; final results are pending (a break of 39). EEM’s relative performance vs the S&P 500 has shaken off the downtrend, but has yet to convincingly confirm. Minor upside resistance comes at 39, whereas major upside resistance comes at 42.
Overall technical view: Bullish
NEXT CHART (Japanese Gov’t Bonds)…
