$SPY in BWR decline, like $EEM

GMI0/6
GMI-22/8
T21088%

The weekly chart of the SPY shows all shorter term averages (red) declining below the longer term averages (blue) with a white space in between, hence BWR. This is a significant down-trend. The closing prices (dotted line) are leading all of the averages down.

SPY01212016Not as bad as the emerging markets (EEM), yet:

EEM

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