Near Term Trend: Bullish / Neutral
Fridays Close: 45.24 (- 0.59%)
UPDATE: Last week, I suggested holding shorts until IEV approached $42.65 and covering / buying there. I suggested shorting if IEV bounced to $44.90.
European stocks rallied past the $44.90 projected resistance indicating the door is open to more upside. Im thinking there will be a test of recent high near $46 and then a drop to $43.85.
Short up near $46 and try buying near $43.85. Upside target will be $48 for buys made at $43.85.