Everyone Loves EM — Just As Volatility Explodes

EEM technicals

EEM continues trading inside the steep trend channel that has been in place since the Liberation Day lows, but the latest move lower has been aggressive. We reversed right in the upper part of the channel and are now trading around the 50-day moving average. Channel support comes in slightly lower, around the $58 level, while the 100-day moving average sits further down near $56.5.