EEM, Emerging Markets ETF, appears to be at a double resistance level with its upper green channel line and its center blue channel line.
click on image to enlarge
Examining the price bars closely, we see that it has instead been building a bullish price pattern and closed at the high of this week's bar lending to the argument that it could be about to break out of both channels if the US stock market turns sour in the first quarter.
Trade well my friends
