EEM Emerging Market ETF Daily Chart; Death Cross

EEM, the Emerging Market ETF, prints a death cross (50-day MA under the 200-day MA) a few days ago. Usually a bounce occurs in price once the death cross is formed. Overall, emerging markets are dead meat as long as the 50 remains below the 200. Watch to see if the 200-day MA rolls over and begins sloping negative, if so, things can get very ugly for the weeks and months ahead. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.