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Emerging Market Bonds rallied with Junk, which has been riding the commodity rebound.
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EMB started from a Downside Capitulation and is now generating topping stuff.
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Each rally has been limited by the upper Keltner Channel. This one is there!
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The rally has accomplished an impressive swing from Daily oversold to overbought.
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This week it has generated an Inverse Springboard, which is a momentum sell.
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It has also generated a Sequential Sell, which is pattern.
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The last such Sequential was registered in July 2014, on the high close for the year.
