You'll recall my post from the end of July titled, Emerging Markets Run About Done ... the price of VWO was around $37 at that time and went as high as $38.87 in September, so "about done" wasn't a bad call then. Here's my updated chart ... the target remains below $27 and price would have to rally above $39 to get me out of my several short entries.
Click to enlarge
Here's my view of the Vanguard FTSE Emerging Markets ETF (ticker symbol: VWO). It has had a pretty good run off the January low and is approaching some target reversal zones. It could run all the way up to near $41 without invalidating the sacred idiot wave rules, but I'll be monitoring it closely in coming weeks for a reversal, and you should too!
Click to enlarge, get a bigger monitor, dummy