Near Term Trend: Bearish / Neutral
As of 7/13/18 close: $45.55
UPDATE: Last week, I suggested shorting at $45.73 with stops on a close above $46.42 and with a $43.43 target.
Euro stocks are bouncing along with the rise in the euro short-term. This still seems like a very bearish chart one that screams for rallies to be shorted.
I would continue to look to short European stocks / proxies when IEV trades between $45.73 and $46.42 with stops on a close above $46.50 and with a downside target of $43.43.