NASDAQ:EUFN   ISHARES MSCI EUROPE FINANCIALS SECTOR INDEX FUND
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.
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