EEM: Potential breakout of Emerging market

EEM is showing potential to break out from a long base. Recently KWEB break out, and in general many china names breaking out, any potential dollar weakness these names could move sharply. Probably open some long and some option.

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Subsequently EEM has moved above $42 and closed above this level for two weeks. Separately China names are flying, BABA in the last one month moved from $68 to $88.

These are coming from a long base and in the past such moves were very explosive and the move sustained for much longer periods.

As long as USD not gaining strength EEM will move. I have established 2.5% position across accounts. Looking for $46 in the short-term.