We just updated our EEM forecast and calculations. To say it is performing just as forecasted would be an understatement.
Date Of Update: October 22nd, 2024
- EEM has confirmed our earlier claim that October 2022 was a long-term bottom. As we mentioned in our prior update, EEM increases to its mid-cycle composite which was expected to arrive in XXXX.
- Our calculations do not confirm the recent high as a point of interest and still shows higher target at XXXX
- Once the above top is put in place and confirmed, EEM should decline into $33 by July of 2026.
In summary, no changes to our prior update as EEM is still tracing out our previously discussed forecast.
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