Short-Term (days/weeks) : EEM still positive

Short-Term (days/weeks) : still positive
EEM was higher last week, turning up at support from the June and August 2022 highs as Daily OB/OS momentum turned down in overbought territory.
At the close on Friday, EEM was testing trend resistance from the January 2022 high; Daily OB/OS momentum was still neutralizing from overbought.
No change: the uptrend from the October 2020 low is intact.
See Daily OB/OS Charts, attached, page 9.
Intermediate-Term (weeks/months): still positive
GEM intermediate breadth and momentum indicators were mixed week-on-week at the close on Thursday:
 Hang Seng and Singapore Intermediate Term Indicators were higher,
 India and Korea Intermediate Term Indicators fell and
 Money Flow of the Average India and Singapore Stock were unchanged.
GEM equity indices were all higher week-on-week at the close on Thursday, including MSCI Emerging Markets (EEM), Mexico, Hang Seng, HSCEI, Shanghai, ASX, India, Jakarta, Korea, Turkey, Philippines, Vietnam and Singapore.
Taiwan was closed.
Hang Seng, HSCEI, Shanghai, ASX, Jakarta, Mexico, Turkey, Philippines, Vietnam and Taiwan accelerated higher.
See Weekly Charts, attached.
Mixed intermediate indicators accompanied by accelerated improvement in GEM equity indices suggests a still-positive intermediate trend weeks/months) for GEM equity indices.
Key take-away: the intermediate outlook for GEM equities (weeks/months) is still positive.