EEM: Weely Hammer bounced off 100ma with huge volume.

Wave 4 retraced more than 50% of wave 3. Closed near pivot.

Comment:

CNBC talked about the 3 weeks old death cross which took EEM down from $47 to $42 non stop on Friday. They should be talking about the death cross 3 weeks ago but as of today, they should be talking about the weekly hammer bouncing off the 100 ma. Lol