DROP EXPECTED {{HTML1}}From a technical view, the ETF is facing a strong resistance area (lower boundary of a triangle which is acting now as a resistance).

Regarding technical indicators, the daily RSI is approaching a tentative declining trend line while the 50D moving average (blue line) is turning down increasing downward momentum.

On a relative basis against the IVV S&P500, the iShares MSCI France Index Fund is shaping a rising wedge pattern which calls for a drop.

Trading strategy:

Short Sell @ $21.45 - Stop loss @ $21.70 - Target @ $19.90

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