Near Term Trend: Bullish
Fridays Close: 44.84 (+ 0.07%)
UPDATE: Last week, I suggested shorting European stocks when IEV tested $46 with a downside target of $43.91.
IEV finished neutral for the week after posting a couple of rally days early in the week. Still appears to be more downside left before correction is over.
Sell bounces in IEV to 45.18 should they occur. Stop above 45.46 and look to cover down at either 44.13, 43.64 or 43.34.