Near Term Trend: Bullish
Fridays Close: 44.86 (- 0.20%)
UPDATE: Last week, I suggested shorting European stocks when IEV tested $46 with a downside target of $43.85.
IEV sold off sharply this week along with the rest of the global stock markets. Theres probably more downside even if a bounce takes place.
Sell bounces in IEV to 45.51 should they occur. Stop above 46 and look to cover down at either 43.91, 43.07 or 42.58.