Near Term Trend: Bullish / Neutral
Fridays Close: 5,681.48 (- 19.41)
UPDATE: Last week, I suggested selling longs in the NASDAQ 100 and looking to re-enter the on a pullback to 5,410 5,415..
The NDX continued with recent weakness last week. Based on pattern, Im raising level at which Id start buying to 5,568.40.
I continue to recommend buying NASDAQ leaders on a pullback in the NDX but on a pullback to 5,568.40. Stop out on daily close below 5,568 and look for 6,080 on the upside.