Emerging markets ETF breaking out of bearish channel $EEM $JSE
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The iShares MSCI Emerging markets ETF has been in a bearish channel for the most part of 2018. Finally seeing a break out of both the channel as well as horizontal resistance above $41.63. The end of 2018 can get rather interesting for Emerging markets. Looking for a first target +- $44 which will coincide with the 200dma and prior horizontal resistance. Tough year for emerging markets.. but it might end off a little better
Note
Failed break.. not looking good at all. Needs to reclaim the 41.60 level else it's overs
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