Near Term Trend: Neutral
Fridays Close: 45.57 (+ 0.22%)
UPDATE: Last week, I suggested shorting European stocks immediately with a downside target of $43.91 and stops on a close above 45.46.
IEV remains up towards the upper edge of resistance at 45.57. I still feel IEV will correct lower and head towards 43.91.
Continue to short IEV here with stops above 46.01 on a close and look to cover down at 43.90.