Currently: Short Looking to: Cover @ 39.12
As of 8/7/20 close: $42.67
LAST WEEK: We suggested shorting immediately with stops honored on a weekly close above $43.10 and with a target of $39.12 for covering and getting long.
UPDATE: The European ETF (IEV) traded a bit higher last week after the previous weeks bearish reversal at resistance. We are sticking with last weeks call to sell / short near current levels with stops honored on a weekly close above $43.10 and with a target for covering and getting long at $39.12.