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Emerging Markets: a Bull Flag on EEM?

Long
iShares MSCI Emerging Index Fund (AMEX:EEM)  
Tradecharting  
AMEX:EEM   iShares MSCI Emerging Index Fund
Trend Analysis Chart Patterns
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trendanalysis chartpattern
There looks to be a Bull Flag setting up on the weekly chart of the Emerging markets ETF, EEM.

The Flag pole for this Flag is about $20 in length and technical theory would suggest that this could be the extent of the upside move on any bullish breakout.

Thus, watch the weekly chart's Flag trend lines for any breakout.
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