Currently: Short Looking to: Cover/ buy @ 6,627
As of 2/18/2019 at 12:06am EST: 7,070
UPDATE: Last week, I suggested remaining short until 6,634 and then looking to get long at 6,627.
NQ futures have persisted in their recent upside move and are now working to convincingly eclipse the 200-day moving average. Using Fibonacci measuring techniques, we now project resistance up at 7,123. From there, we’re looking for a retrace of the rally that started in December. Targeting 6,627.
Same trade recommendation as last week.