Assets charted: Emerging markets ETF (EEM)
Emerging markets ETF “EEM” is a deflated AA winner and a strong candidate for the “Long the Deflated Winner” DomiStock strategy. Recent support breaching makes applying this strategy of higher risk. Traders could wait for upward strength confirmation which will come if EEM moves back above broken support and if the 2 period hedging trend gets cancelled out. Riskier traders can follow the strategy now with a firm stop loss.
