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One of the more noteworthy developments in recent days has been the move in emerging markets.  The group has been under selling pressure amid concerns over the possibility of the U.S. pulling out of NAFTA.  Reuters reported, citing two Canadian government sources, that Canada is increasingly convinced that Trump will pull the U.S. out of the trade agreement. The iShares MSCI Emerging Markets ETF (EEM) fell 0.8 percent so far this week, underperformed the S&P by a wide margin.  Now the question is whether recent weakness is a pause that refreshes or it’s a beginning of something worse?  Below is an update look at a trade in EEM.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges.  As shown, the underlying is in a short-term bullish trend when the price bars are painted in green.  The underlying is in a short-term bearish trend when the price bars are painted in red. 

Chart 1.1 – iShares MSCI Emerging Markets ETF (weekly)

Our “U.S. Market Trading Map” painted EEM bar in red (sell) – see area ‘A’ in the chart.  After an impressive run in late 2017, the ETF rolled over this week.  Wednesday’s downside follow-through confirmed Tuesday’s bearish reversal signal.  Right now the most important thing to watch is the retreat and rebound behavior …Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

 

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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