Bullish potential for Emerging Markets (EEM)

The iShares MSCI Emerging Markets ETF (EEM) broke out from a 2022 into 2025 big base that resembles the bullish setup on EEM from 2018-2020 as well as the bottoming pattern on the iShares 3-7 Year Treasury Bond ETF (IEI) that we highlighted in our last blog post.

EEM remains bullish above its 47 to 45 breakout zone with upside targets at a measure move near 52 and the early 2021 peaks at 56-58. Rising 26- and 40-week moving averages at 46.58-45.37 reinforce this bullish backdrop for EEM.