IvanLabrie
Short

EUFN: European financials are in danger here

NASDAQ:EUFN   ISHARES MSCI EUROPE FINANCIAL SECTOR INDEX FUND
2 months ago
I think we can get a retracement in the financial sector, and Europe is in worse shape than the US in general. It wouldn't surprise me to have some negative news pop out, surrounding Italy's referendum, Deutsche Bank, Italian Banks, UK banks, Brexit, etc. Quite a few potential catalysts for volatility, so, if we see this ETF break the linear regression channel support, we will probably see a rapid selloff.

Keep your eyes open, it might be safer to stand aside, and book succesful long trades, or maybe even take a couple strategic shorts.

Good luck,

Ivan Labrie.
2 months ago
Trade closed manually: You can see the channel never broke, and the Italian referendum wasn't bearish at all, despite the wall of worry.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803). KHL telegram group: https://t.me/joinchat/AAAAAAqHRWYvrLlfpF0StA
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out