EM On Fire: Upside Panic Takes Over

EM on fire

In early June 2025 we laid out our EEM long thesis, noting that “a proper close above $46 risks turning this into a squeeze.” Fast forward to today and EEM has just closed above $60. From the mid-December bounce off the 100-day MA, the latest squeeze has delivered roughly a 14% gain from channel lows. Price is now pushing into the upper end of the broader trend channel, effectively dislocating from the 100-day and printing some of the most overbought readings we’ve seen in a long time.