Near Term Trend: Bullish
Fridays Close: 45.23 (+1.12%)
UPDATE: Last week, I recommended trying to buy IEV at 44.95 or 43.83 in advance of a move up to 46.
European stocks pulled a bit further than our first support at $44.85. I now believe more downside should play out with prices reaching at least $43.85.
I would be trying to buy European stocks once $43.85 is approached or tested. Honor stops on a close below $43.85 and look for a move to $46.