Emerging Still Submerging

The emerging markets fund (symbol EEM) has been in its own, and virtually uninterrupted bear market, since it peaked on February 16, 2021 (incredibly, more than 14 months ago; were only we so lucky in the U.S. to have stocks come to their senses like this!). It’s been an amazing progression, particularly given its relationship with its now-broken channel as well as its Fibonacci Retracements.

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Here’s the entire history of EEM:

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