Currently: Short Looking to: Cover @ 42.50
As of 9/13/19 close: $43.73
LAST WEEK: We suggested shorting near $43.39 with stops on a weekly close above $43.85 and with a target of $34.52.
UPDATE: The European ETF (IEV) made it up to the short entry put forth here in recent reports at $43.39 and has yet to close above the stop-out level of $43.89. The way things are developing, it appears to us like well have to be happy with a push on this trade. Support for IEV comes in at around $43.33 now and the next upside target could be up at $44.91. We would suggest covering up any shorts out of an abundance of caution. No long entries just yet, though lets see how things play out a bit more.