EEM - Monthly

SPX Monthly Chart

SPX monthly chart negative MACD crossover has been joined by a negative TRIX crossover - something that hasn't happened since late 2007. Negative divergence n the RSI-5. A 161.8% move off of the total S&P 2007-2009 decline is SPX 2,138.

http://stockcharts.com/h-sc/ui?s=$SPX&p=M&st=1993-12-31&en=TODAY&id=p51222320219&a=272118633&listNum=1

EEM - Monthly

Could be overextended a bit on the daily, but on the monthly, the energy is building ....  

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