Emerging markets are very bullish

I made some predictions at the year end of 2013. One of them was emerging markets, which I predicted would be doing well in 2014. It did not immediately show its strength during the first half of the year but it is catching up right now. Actually it is showing its rather bullish trend at the moment. EEM is an ETF for emerging market. As you can see below, EEM is breaking out its important 2 years' resistance (the red) line and is at the same time approaching and in the process to break out its long-term (6 years) trend line (green line). While nothing is guaranteed in investment, this technical setup is extremely bullish, indicative of the start of a long-term bull run for EEM. Fundamentally, emerging markets are also much cheaper than the US market and are poised to do the catch up work. I bet in the next 5 years or so, S&P 500 may not be doing well but EEM will be to a great extent outperforming. Don't ignore it!