EEM update 12/21

EEM: Not too much I can add to the late November update (see here), other than as long as price remains below the white down trendline which has held all upside in check for the last weeks, the trend is down. There’s no real positive divergences on the technical indicators to suggest price is about to reverse. Considering that the 61.8% retrace at ~$35.5 hasn’t been reached yet, and which is a typical (yellow) 2nd wave target there’s thus still room for more downside. We need to see a break and close above that DT line to be more certain the low is in.

no signs of a reversal yet.