Emerging Markets Are Still Strong

10/14/2009 9:39 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

The emerging markets have acted strong as EEM, an emerging markets ETF, has made new closing highs this week and continues to act well. The potential rising wedge formation is a bit concerning, but the weekly analysis is positive. Next upside targets are in the $41.50-$42.50 area with support at $37-$38.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on ETFS