Currently: Cash Looking to: Short @ $42.53
As of 8/16/19 close: $41.40
LAST WEEK: We suggested shorting rallies to $42.50 with stops on a close above $43.25 with a target of $32.
UPDATE: The European ETF (IEV) appears to have more downside in store. Right now, possible downside support comes in at 38.10 and 34.52.
We would be shorting rallies to $42.53 with stops on a weekly close above $42.60 and with a downside target of $34.52.