Monday, July 25, 2022 12:59 PM EST
The Emerging Markets ETF (EEM) has had difficulty holding onto gains above 30.00 since January 2006, major support, as shown on the following monthly chart.
It's been in freefall since June 2021.
A sustained breach and plunge below that level could bring down global equities and financial stocks/ETFs...one to watch as a potential "canary in a coal mine."
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiH0mZDUvNxZwejfNNOpsP4M5__YxMDrUDmrWx1ZR7ZjSpnsaonkcmDybdgOQmejH5Rv0Tmq7IgarFGqlmhcetorR2lFt6e58PHf8kw9gLl0OKVQ9MTzuWacC8cETM5kjsgm6gSNxh67YkzqibMZ3bYazpKNBbdDeun8-YOQglk85PG4-ECMLvpuBNuJA/w640-h466/Screenshot_20220714-102619.jpg)
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Disclaimer: All of my posts (and charts) contain solely my own technical analyses/opinions/observations (which may contain errors or omissions) of a variety of markets and are ...
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Disclaimer: All of my posts (and charts) contain solely my own technical analyses/opinions/observations (which may contain errors or omissions) of a variety of markets and are provided for your information or entertainment only...none of it may be construed as financial or trading advice. I trade my personal account only...I do not manage a fund for other people. Please do your own "due diligence" before engaging in any trading activity.
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