Currently: Cash Looking to: Short @ $47.19
As of 11/1/19 close: $45.16
LAST WEEK: We suggested selling longs at last weeks levels and looking to short up at $47.19 with stops on a
close above $47.50 and with a target of $39.
UPDATE: The European ETF (IEV) is trading very bullishly obviously. The close this week eclipsed the
one made in May which opens the doors to a continued move up to $47.81.
We would look to buy dips down to $43.32 with stops on a close below $42.61 and with an upside target of $47.81.
We would only short up at $47.81 with stops on a close above $48.22 and with a downside target of $36.