Last discussed here, $EEM was expected to enter the target range for a wave two of minute degree. That coincides with the bull wedge retest. Going that deep does not change the analysis, but does slightly lower the target for minute (blue) 3 above, which I have adjusted. If we’re not facing a catastrophe, we should know soon, as this should begin a significant rally soon.
[UPDATE]: This has failed to produce any kind of rally. I’m not sure what to make of the structure at this time. I will file this under “Unsuccessful Calls.” I will need to monitor the price action from here prior to making a new call.
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