Take advantage of how sensitive the market is!
We currently live in a world where media has major sway in the psychology of investors, including ones who do their homework. After watching 
EEM closely, I see that at each major event over the past few months (tariffs placed on China, Federal Reserve doesn't reveal a rate cut at June 18-19th meeting, G20 meeting) the ETF spiked before cooling down as more information became available. I see an opportunity that can be taken advantage of regarding the upcoming FOMC July 30th date. Short term profits although as history has shown they can be short lived, so take profits early I would suggest.
The rising wedge suggests a potential spike but an inevitable drop as more data is made available.
PS: I forgot to add some indicators to further support my argument, but feel free to comment and give your own opinion, also this is my first post so I'm open to any constructive criticism you have too.
EEM closely, I see that at each major event over the past few months (tariffs placed on China, Federal Reserve doesn't reveal a rate cut at June 18-19th meeting, G20 meeting) the ETF spiked before cooling down as more information became available. I see an opportunity that can be taken advantage of regarding the upcoming FOMC July 30th date. Short term profits although as history has shown they can be short lived, so take profits early I would suggest.The rising wedge suggests a potential spike but an inevitable drop as more data is made available.
PS: I forgot to add some indicators to further support my argument, but feel free to comment and give your own opinion, also this is my first post so I'm open to any constructive criticism you have too.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.