Currently: Long Looking to: Sell @ $44.49
As of 5/17/19 close: $43.68
LAST WEEK: We suggested buying IEV down at $43 with stops on a close below $42.75 and with an upside target of $45.
UPDATE: The European ETF (IEV) tested $43 support and has started to bounce as we suggested in recent reports. We dont think this bounce will eclipse $44.50 - $45, though. We would be selling longs and getting short of European equity proxies when IEV tests $44.49. Honor stops on shorts on a close above $45.10 and look to cover and get long down at $42.40. Honor stops on longs on any close below $42.15 and use $47 as an upside target.