Currently: Short Looking to: Cover at $34.52
As of 7/12/19 close: $43.85
LAST WEEK: We suggested covering shorts at $39 and getting long at $38.37 with stops below $38 and with a target of $45.10.
UPDATE: The European ETF (IEV) is trading bearishly on a relative and real basis short-term. IEV may be headed down to at least $34.52 as this corrective move plays out. We would be selling longs immediately and shorting bounces to $44.66 with stops on a close above $44.67 and would use as a target the $34.52.