Wednesday, February 15, 2017

EEM Updates....02.15.17

As the dollar surges and European instability grows the prospects for EEM going forward are becoming more and more uncertain.  Looking at the technical overlays the best case we can make is that there has been no substantial price erosion.  In fact, what we're seeing are multiple bumps against overhead resistance....a pattern that is most often resolved to the upside.
Short term the Ponzo outlook is neutral to bullish.