Mixed Week Risk-On vs. Risk-Off

Link To Chart Shows EEM Support

The big picture looks bullish, but there were some mixed signals under the surface this week, which we will address in this weekend’s video. We have been monitoring weakness in EEM closely all week. We had orders cued up on Wednesday and Friday to cut back our position, but in both cases the lines we drew in the sand held. Using the link that follows, you can see areas of possible support are still in the picture, but there is little room for error before we begin scaling back on EEM – view chart here.