$ Up - Emerging Markets Down?iShares MSCI Emerging Markets ETFBATS:EEMRealMacroAs you can see, there is a huge relationship between the DXY and EMM that most people do not understand. I won't go into the macroeconomics of it all since most are just traders. All you need to know is that they work in opposite directions. Strong $ bad for merging markets and vice versa. As you can see, the $ has popped off of support while EMM is still in a very tight, tight channel that usually collapses out of this structure. Needless to say EEM price does not like to be above $50. Simultaneously, EMM is hitting a key area at 17-year highs. This presents us with a wonderful risk-reward trade for a short with a well-defined stop-out. This opportunity has only presented itself just 2 times before in 17 years! Given the global sell-off going on at the moment, there is a very high probability this short pays off. Remember, fear causes money to run to the $, so the bounce we see in the current environment is pretty solid. Conversely, should it fail and EEM pops while the $ breaks down from support, then you have an excellent long setup You could ride for a while. Remember, I am a macro investor. I don't do 2% moves and get scared out or take profits. My definition of success are big moves over time. Click boost, like, and subscribe! Let's get to 5,000 followers! ))