Sometimes you have to be patient for price to come back to where an entry makes sense. The MSCI Emerging Markets ETF (EEM) just offered a low risk, high reward short entry for me. As I discussed in a previous post, I was looking to enter a short position in the EEM (via the EUM ETF) as it showed relative weakness compared to other markets. Today’s bounce into supply allowed me to put in the short position with a tight stop.
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- EUM Daily Chart
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- EEM Daily Chart
