EUFN Still Has Room to Tumble

I called out EUFN as a potential short on bad news for European Investment Banks. Although I cashed in on a pretty sweet trade, I still think this ETF has room to tumble. Notice that it is still solidly within a large Ichimoku cloud of resistance, and it does not appear that this asset has near enough momentum on the upside to break out. The OBV, MACD, and RSI all seem to indicate a downward trajectory. With think volume, this asset likes to gap, so we can perhaps bet on a big gap downward tomorrow (although we may see a slight retracement before the big move). Note that we are in a relative vacuum zone and there is a strong level at around 21.03, and another at 20.58. With continued QE from the ECB, and the FED threatening to raise interest rates, this definitely might be a good short position to hold onto for a while.