Emerging Markets Momentum

After the breakout from its descending channel of 2018 (see green tint below), emerging markets have picked up speed:

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Stripping away the drawn objects and prices, and showing just the exponential moving averages, you can see how they are “threatening” to complete a more long-lasting uptrend.

(Click on image to enlarge)

My conclusion? The year 2019, for the bears, has totally sucked so far.

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