Longer term trade here with fundamentals and technicals aligning.
Technicals
I will be shorting
EEM as it has completed 5 waves inside of a long-term downside Elliot wave. We will be looking to short EEM as it completes a long-term wave 5.
Fundamentals
The US Economy is strong. The Fed will more than likely hike rates in March or soon after. The rate hike with strengthen our dollar, therefore weakening other countries currency. Trade with the US will also be "more expensive" for Emerging Markets. We feelEEM will be hurt by the current US Economy.
Post your thoughts and comments below.
Technicals
I will be shorting
EEM as it has completed 5 waves inside of a long-term downside Elliot wave. We will be looking to short EEM as it completes a long-term wave 5. Fundamentals
The US Economy is strong. The Fed will more than likely hike rates in March or soon after. The rate hike with strengthen our dollar, therefore weakening other countries currency. Trade with the US will also be "more expensive" for Emerging Markets. We feel
EEM will be hurt by the current US Economy. Post your thoughts and comments below.
Follow me to stay updated with this trade and any other trades I initiate.
Dylan
Dylan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Follow me to stay updated with this trade and any other trades I initiate.
Dylan
Dylan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.