Since undercutting its 20-day EMA on December 8th, the iShares JP Morgan US Dollar Emerging Market ETF (EMB) has been consolidating along this key mark for the past four sessions. A move above the two day high of $109.25 may present a buying opportunity in this ETF. Over the past two sessions, the SPDR S&P Bank ETF (KBE) has attempted to reclaim its 20-day and 50-day moving averages. However, on both occasions, KBE has reversed to close near session lows below these key marks. A move below the two day low of $18.65 could present a shorting opportunity in this ETF.

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