200617 - the day China enters into Emerging Market Index - EEM
Look at the vertical red line which coincides with the breakout of the price at 61.8 FIB level. Thereafter, the train has not stopped at all, charging at bullet speed all the way to the 78.6 FIB level now.
The RSI display a high of 76.6, sign of overbought and a cool down is needed. The peak at the weekly chart is 55.74 which is fairly limited from the current price of 47.71. See the day chart for more details
The RSI display a high of 76.6, sign of overbought and a cool down is needed. The peak at the weekly chart is 55.74 which is fairly limited from the current price of 47.71. See the day chart for more details
or a rebound next ?
we shall see