Near Term Trend: Neutral
Fridays Close: 5,651.56 (+25.45)
UPDATE:
Last week, I gave an upside target for NDX of 5858 and a pullback target of 5350 5354. NDX got as high as 5724 before Wednesdays decline.
I still see NDX upside to either 5796 or 5996. However, we could see a pullback prior to rallying up there. I would sell rallies to 5700 and cover / buy down at 5316. Honor stops on shorts on any daily close above 5700.
I would buy down at 5316 and look to sell at 5796.