$EEM: Interesting indicator, flashing caution by mid December

Emerging markets are flashing an interesting signal here, the weekly trend is up, and strongly, but will expire its current advance by the week ending on Dec 18. If we get some kind of unexpected issue before COVID vaccines are widely available, we could get some kind of correction here perhaps. Alternatively, we get a sideways consolidation and the markets keep rallying until vaccines roll out, by March give or take. This is what many charts seem to indicate. Definitely vital to monitor the action here and be ready to react once we get confirmation of one or the other.

Cheers,

Ivan Labrie.