EEM Possible Double Top
EEM is looking more and more like a double top. If that's the case, the downside objective would be the 96 area. I've been short EEM since the beginning of the month and plan on holding this position for awhile assuming nothing crazy happens.
Notice when EEM made that last push up to the 116 level the On Balance Volume Indicator showed bearish divergence. I think we'll see lower prices for this ETF in the coming weeks..
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