* See UPDATE below...
The Emerging Markets ETF (EEM) has had difficulty holding onto gains above 30.00 since January 2006, major support, as shown on the following monthly chart.
It's been in freefall since June 2021.
A sustained breach and plunge below that level could bring down global equities and financial stocks/ETFs...one to watch as a potential "canary in a coal mine."
* UPDATE Sept. 20...
Emerging markets continue to weaken as the U.S. Dollar gains strength...as of 2:20 pm ET, EEM's current price is 37.63.
We'll see what happens after the Fed raises interest rates at their meeting tomorrow.
