EEM set to pop then drop

A reader requested a chart for EDC:

It doesn't make sense to do technical analysis on EDC since it's a 3x leveraged ETF. See my EEM vs EDC chart for more details. So instead I'll look at EEM, which tracks the same MSCI index that EDC does.

EEM looks similar to SPY: gapping up and down forming a sloppy ascending triangle. I think EEM bounces up one more time, but it won't break 41.4. The volume on EEM looks like it's clearly indicating that the overall up move is ending.