Currently: Cash Looking to: Short @ $41.65
As of 6/19/20 close: $40.39
LAST WEEK: We suggested selling longs / getting short at $41.65 with stops honored on a close above $41.75 and with a target of $31.10.
UPDATE: The European ETF (IEV) seems to be in the midst of a correction (at best) or in the beginning stages of a new macro wave lower (at worst). A good test for which of those is the reality will be $37.79. If that level or any level above that holds as support, look out for much higher prices in European stocks. If $37.70 fails to hold as support, look out below. Right now, we would be selling bounces to $41.69 with stops honored on a close above $41.75 and would look to cover down at $31.10 (yes, we are favoring the bearish scenario here).
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