There is certainly a technical resistance there. We need just a price-turning event. With BOJ monetary policy announced tomorrow and ECB this Thursday, there are two chances for a ‘mover and shaker’ to come out with a price turning story.
EEM ETF has spent the last 3 months above a prominent 6-year resistance. This could be a sustainable development. At face value, I feel it is more attractive than stocks in countries that are only driven by financial expansion.