Europe–Trying to Hold Lows

10/21/2008 9:28 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

chart

The world markets stabilized yesterday, and though the charts allow for a rally in IEV back to the $40-$44 area, there are no signs yet of a major low. The first key resistance is in the $36 area, and a move above this level would be a short-term positive. Short-term support now at $28.50-$30.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on ETFS

Keyword Image
Safe Money's Defensive Moves
12/05/2018 5:00 am EST

This stock market is flailing around like a fish out of water, with whipsaws increasing every week, ...