Pounding the Table on EMERGING MARKETS HERE! - $EEM - $INDA

in #money • 6 years ago (edited)

HERE you go Folks, I am POUNDING THE TABLE on Emerging Markets here. And for those of you who know me...I was pounding the table on Bitcoin Long in 2016, and Bitcoin Short in 2018. I was pounding the table on AAPL long at 65, Euro at parity and Dollar Short at 103. Snuffles doesn't pound the table often...

There is a massive divergence building on the daily timeframe in EEM and it is worth noticing. It does concern me how steep the rate of change to the downside is here, however the divergences are set up.

eemd.png

The weekly is not oversold and that is exactly what we want to see in a true bottom of a bull. I pounded the table at the beginning of 2016 in EEM and I am doing it here now. I believe that they have pressed this down and we are going to see a rip. IF I am wrong, I will exit, however I believe this holds here.

eemw.png

I am looking at INDIA. INDA has held highers and not really been hurt as much as others. If you are in the same camp as me then you want to be longing INDA here!

inda.png

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Published on

mentormarket.io
by heyimsnuffles

https://mentormarket.io/legal/termsandconditions

#trading #investing #timm #steemitbloggers
6 years ago in #money by
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     6 years ago 

    The markets are hurting us all right now, except those with money to burn in the fall we are in, I am going to chuck some more in and only hope it goes down further when I do!

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       6 years ago 

      Wish i had more money to load up while we are down but I'm out.

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