Currently: Short Looking to: Cover @ $40.86
As of 9/11/20 close: $43.28
LAST WEEK: We suggested shorting European proxies between $43.03 up to $43.29 on IEV with stops honored on a close in IEV above $43.29 and with a target for covering at $40.85.
UPDATE: The European ETF (IEV) has remained buoyant more buoyant than we would have anticipated. However, we still see IEV making it down to $40.85 or so on a corrective move lower. We would try re-shorting European equity proxies at / near Fridays close with stops honored on a close above $43.43 in IEV and with the target for covering and getting long at $40.86.