At the close on Friday, EEM was still below next resistance; Daily OB/OS momentum was in fully overbought territory, but below the November 2022 high.

Short-Term (days/weeks) : positive
EEM was higher last week, breaching resistance from the July 2022 high as Daily OB/OS momentum improved from moderately overbought.
At the close on Friday, EEM was still below next resistance; Daily OB/OS momentum was in fully overbought territory, but below the November 2022 high.
No sell signal—the short-term trend (days/weeks) for EEM remains positive.
See Daily OB/OS Charts, attached, page 9.
Intermediate-Term (weeks/months): positive
GEM intermediate breadth and momentum indicators were all higher or unchanged week-on-week at the close on Thursday:
 Hang Seng, Korea, Taiwan and India Intermediate Term Indicators and Money Flow of the Average Taiwan Stock were higher and
 Singapore Intermediate Term Indicator and Money Flow of the Average Hang Seng, Singapore and India Stock were unchanged.
Hang Seng, Taiwan, Korea and India Intermediate Term Indicators accelerated higher.
GEM equity indices were mixed week-on-week at the close on Thursday:
 MSCI Emerging Markets (EEM), Hang Seng, HSCEI, Shanghai, Korea, Mexico, Bovespa, ASX, Philippines, Johannesburg and Taiwan were higher,
 India, Jakarta, Turkey and Singapore fell and
 Vietnam was unchanged.
EEM, Hang Seng, HSCEI, Korea, Mexico, Bovespa, ASX, Johannesburg and Taiwan accelerated higher ; India, Turkey and Jakarta accelerated lower. See Weekly Charts, attached.
Mixed GEM intermediate indicators accompanied by accelerated improvement in EEM suggests a still-positive intermediate trend (weeks/months) for GEM equity indices.
Key take-away: the intermediate outlook for GEM equities (weeks/months) is positive.