Emerging Markets – Outlook for September 22, 2014

Emerging Markets ETF (EEM) is trading around its 3-month low. There is some support there from the 100-days SMA, which may give a rebound next week, but the overall technical picture is now negative following a strong rest of the year..

BULLISH: India (CNX-100), China (Shanghai comp.)

BEARISH: Brazil (Bovespa), Russia (RTSI), Turkey (BIST-100)

EEM ETF, daily chart
EEM_daily_20140919

Chart courtesy of http://www.stockcharts.com

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