Short EEM

First note the consolidation of volatility after the small rally earlier in October. The indicators suggest that that bullish run has exhausted and a retracement can be expected. Note the lack of buying pressure by the OBV. To set profit targets, we can look at the Fibonacci retracement from the most recent high back on 10/23. These also coincide nicely with levels formed by gap days (e.g. 10/05).