EEM at resistance

Price on EEM, Emerging Markets ETF, has moved up to trend line resistance and stopped. Moving averages are bearish right now, and will take some major price movement to get back to bullish.

On the 60 min. chart we are at 200 EMA(green) resistance, .61 fib resistance, and trend line resistance. It will take allot of energy to get through resistance, it could happen, but I think the probabilities favor the downside. I think we are going to get some back and filling if we are to go higher. I will be watching on the 60 min. chart for the 13 EMA(blue) to cross under the 21 EMA(red) to go short.