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Emerging equities continue to underperform Developed equities?

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EEM/IVV  
EEM/IVV  
Below 0.1070 supports a bearish trend direction. Emerging market equities are likely to underperform Developed market equities.
Downside price momentum supports the bearish bias.
RSI leaves some room for downside potential.
Expect a pullback before the leg downwards might continue.
An M-top pattern also supports a bearish trend direction.

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