Currently: Long Looking to: Sell at $47.40
As of 12/6/19 close: $45.59
LAST WEEK: We suggested buying IEV / European equity proxies when IEV tests $44.71 with stops below $44.10 and with a target of $47.40.
UPDATE: The European ETF (IEV) dipped and triggered out buys last week and subsequently rallied sharply.
Stay long until $47.40, but honor stops on a close below $44.10. Look to short up at $47.40 with stops on a close above $48 and look to cover down at $44.25.