Currently: Long Looking to: Sell @ $46.41
As of 10/16/20 close: $42.70
LAST WEEK: We suggested buying IEV at last weeks levels with a target of $46.41.
UPDATE: The European ETF (IEV) showed a little weakness last week, but nothing has changed in terms of the technical picture thus far. We still see IEV rallying up to either $44.48 or $46.43. Support for IEV comes in at $41.87.
We would buy IEV at current levels down to $41.87 with stops honored on a close below that level. The upside target will be $46.43.