A break below $39.50, especially on a closing basis, targets $34.50 (or lower) in the next 4-6 weeks. EEM: Short-Term Sell Signal Pending: EEM on a break below $39.50 (currently $40.23) Option: Jun 17th $38P (0.57-0.63) Targets if triggered: EEM: < $34.50 Jun 17th $38P >$4 Optional stop @ 50% EEM: Long-Term