EEM closed yesterday at 51.53 (see chart). Today it gapped down well below the Sell Signal trigger level of 51.50 and is currently trading at 50.40. The hourly chart looks bearish, a series of 1-2 gaps lower. EEM is headed for the mid 40's and maybe much lower. Let's trigger the trade now, with a stop now above key resistance at 51.50. Sell Signal: EEM (50.40) Option: Sep 17th $50P (1.49-1.50) Target: $45 (and under) Stop: Close above 51.50
