Emerging Markets Outlook: Technical Picture Now Negative

 | Sep 21, 2014 01:21AM ET

Emerging Markets ETF (ARCA:EEM) is trading around its 3-month low. There is some support there from the 100-day SMA, which may rebound next week, but the overall technical picture is now negative following a strong rest of the year.

BULLISH: India (CNX 100), China (Shanghai Composite)

BEARISH: Brazil (Bovespa), Russia (RTSI), Turkey (BIST 100)

EEM ETF, Daily Chart: