Zkalish
Short

Short EEM after H&S Neckline Reject

AMEX:EEM   ISHARES MSCI EMERGING INDEX FUND
EEM             is about to retest the neckline of the head and shoulders that it broke down from at approximately $31 a share. If you look at the mix of countries that make up this ETF , rising oil             prices generally will not cause a price increase. The only worry is if the USD rolls over, as EEM             and USDollar             are inversely correlated.

Anyways, short here (or at 31 if you're picky for a few cents), stop loss at 31.80, price target 27.50
Trade closed at the fib. Will reload on puts if the fib and lower support break down
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