Spain iShares EWP was one of two (Italy being the other) Euro markets NFTRH has used over the last year to gauge speculation over in that bubble.
Spain iShares EWP was one of two (Italy being the other) Euro markets NFTRH has used over the last year to gauge speculation over in that bubble. The target for this market that people were running away from in droves (including its bonds) as recently as 2012 has been 44. Check.
The stop loss would be above 43. Otherwise, if my macro view does not change this could be a good hold back down to 30 or so. Again, like with SPY, it’s a straight short with no leverage.
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