Near Term Trend: Bearish / Neutral
As of 8/10/18 close: $44.56
UPDATE: Last week, I suggested shorting at $46.63 with stops on a close above $46.95 and with a $43.43 target.
Euro stocks got hit again this past week and are now set to test support at $43.13 or $42.35 on the IEV. Theres no rule saying those supports hold up, though.
Hold existing shorts until $43.13. Short bounces to $45.40 with stops above $45.75 (240-minute close) and with a target of $43.15. Get long near $42.35 w/ stops on any close below $42. Target on longs is $51.