It looks like the long term downtrend is ending here: There is a lot of consensus that the Trump Presidency will crush emerging markets by way of the destruction of trading partnerships and new trade wars. But that post-election decline has fully retraced AND with all of the fears of euphoria in the US with equity prices at all time highs and appearing extended in price and appearing extended in valuation, this Emerging Markets ETF is certainly showing a very different picture. The fears may be overblown about Emerging Markets AND there may be plenty of upside now that the sellers have sold all they can sell. Old buyers are sellers here at the 38-42 range, which it tested last year and now appears to be going for another test here in the first quarter. (January high 37.62, 37.38 last).
On chart! http://ift.tt/2kSeh1r
Submitted February 01, 2017 at 11:35AM by FB_XIII http://ift.tt/2jYswTS
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