Thread by @RaoulGMI

MSCI Emerging Markets is the best looking chart in the world right now, outside of bitcoin. If this break is confirmed, then we can expect a decade or more of strong EM performance.

However, its very overbought (the dollar is very oversold) and the weekly DeMark suggests we might fall back for a bit to garner energy for the break. $EEM is the easy way to play it.

$EEM hasn't yet really turned against the SPX..

But short-term it might be forming an inverse head and shoulders bottom..

And if the dollar has turned lower, then the trend of EM outperformance will be set.

I'm watching very, very closely.