Currently: Short Looking to: Cover @ 39.12
As of 7/30/20 close: $42.62
LAST WEEK: We suggested shorting up to $43.10 with stops on a weekly close above that level and with a target for covering at $39.12.
UPDATE: The European ETF (IEV) is still hovering near projected resistance at $43.10, but still appears to be set to tumble at some point soon. Our downside target for any pullback remains $39.12. 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.