ETF analysis for Monday 3/19

The daily chart of EEM has price up to it's 50 EMA resistance. A very nice place to look short. My plan is to short 1/2 near current levels and 1/2 on a break of the up trend line. EPP and ILF have the same type of price action as EEM, so my game plan is the same for those.

The 60 min. chart of EEM shows the trend line and how we are at the 200 EMA(green) resistance.

On the weekend I like to get a big picture look at what's going on, so I have included weekly charts of the index ETF's. The weekly chart of SPY has price bouncing off the .38 fib. retracement Notice how price has bounced off the 8 EMA(black) and 13 EMA(blue), now acting as resistance. The stochastic and MACD are in rollover mode. I think we have a date with the 50 EMA(purple) or .50 fib. retracement at 134.20 in the near future.

The daily chart of SPY has price between support and resistance. The EMA's are sharply turned down, any rally up to them are shorting opportunities.

The weekly chart of QQQQ shows how we have bounced down from trend line resistance and now sitting above support at its 50 EMA(purple) and 200 EMA(green). The daily EMA's are no where close to rolling over yet.

The daily chart of QQQQ has price at the 8 EMA(black) and 13 EMA(blue) resistance and above it's support(blue). Like the other ETF's, I'm looking for a rally higher to short.

The weekly chart of DIA has price holding at the .38 fib retracement. Notice how price has gone right up to the 8/13 EMA, now acting like resistance. I think we have a date with the weekly 50 EMA(purple) at 118.58 or even the .50 fib retracement at 117.43.

DIA daily chart has off it's 8 EMA(black) and above it's support levels(blue). My plan of action is to wait for a rally into the 13 EMA(blue), 21(red), 50(purple) and straight line resistance(red line) for short entries. I will also go long if price goes to support(blue) and gives me a long trigger. If that happens, the EMA resistance would be the profit target.