NASDAQ:EUFN ISHARES MSCI EUROPE FINANCIAL 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 has room to tumble. Notice that it is still solidly within a large of resistance, and it does not appear that this asset has near enough momentum on the upside to break out. The OBV, , and all seem to indicate a downward trajectory. With think , 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 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.