Currently: Short Looking to: Cover @ 39.12
As of 7/24/20 close: $42.51
LAST WEEK: We suggested shorting up to $43.10 with a target of $35.
UPDATE: The European ETF (IEV) made it up to our projected ceiling at $43.10 and slightly above before beginning
to retreat / retrace. IEV now looks like it can pull back to $39.12 without anything being bearish on the chart long-term.
Active traders can short here up to $43.10 with stops honored
on a weekly close above $43.10 and should look to cover down at $39.12. Others should wait to buy IEV on a dip to $39.12 with stops on a close below $39 and with an upside target of
$47.