MSCI Emerging Markets ETF (EEM)
Date Of Analysis: September 25th, 2023
Our mathematical and timing calculations for EEM show the following……
- Our mathematical and timing calculations confirm, October 2022 was an important low for EEM.
- The index is now moving into its mid cycle top formation scheduled to arrive in April and August of 2024. Perhaps a double top formation and/or a clear August top if the PRICE target below is not reached in April.
- We are looking at $58 (+/- $3) as this top in 2024.
- Once the above top is put in place and confirmed, EEM should decline into $33 by January of 2027.
Conclusion: Not much excitement as the index will remain long-term range bound.
