Futures market trader Peter L. Brandt commended technical analyst Aksel Kibar on Sunday, praising his bullish call on the iShares MSCI Emerging Markets ETF (NYSE:EEM), which has clearly outperformed the broad U.S. market Index.
In a post on X, Brandt said, “Nice call Aksel. Headed much higher,” highlighting the chart setup for the EEM.
Kibar Highlights Technical Strength In EEM
The chart, shared by Kibar, signaled continued upside momentum for EEM, which is widely followed as a benchmark for emerging market stock performance.
In February, EEM achieved its longest winning streak since 2005, with nine consecutive weeks of gains. This performance marks a potential structural shift in investor sentiment, driven by a rotation out of U.S. tech stocks and into emerging markets.
Brandt’s post amplified attention around the trade setup among market participants and technical traders.
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