EEM accelerating downtrend on trade war uncertainty
Trade war uncertainty is gonna cause EEM to continue this down trend. The stock had resistance at that $38 mark in 2016, broke out over that level in 2017, and has been in a down trend since Febrary 2018's big selloff. It bounced off that $38 level again late last year and met resistance at $45. The price also broke under the bottom resistance line of the bear flag. I'm looking to buy the October $40 strike puts if the stock hits $40 on a bounce.