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European Markets - Thoughts iShares Europe ETF (IEV)
European Markets Update
Volume 2, Issue 2
October 11, 2018
Items of Interest:
This is a chart used in prior Technical Tuesday reports and updated here with current thoughts. If price were to achieve the downside target at $36.50, this would be a -28% decline from the January high. The decline from the 2014 high to the 2016 low was -32%. We strongly feel there is more downside and would avoid trying to pick a bottom at this point.
Here are the country weightings of this ETF:
