Emerging Market Bonds rallied with Junk, which has been riding the commodity rebound.

EMB started from a Downside Capitulation and is now generating topping stuff.

Each rally has been limited by the upper Keltner Channel. This one is there!

The rally has accomplished an impressive swing from Daily oversold to overbought.

This week it has generated an Inverse Springboard, which is a momentum sell.

It has also generated a Sequential Sell, which is pattern.

The last such Sequential was registered in July 2014, on the high close for the year.