Near Term Trend: Bullish at / near resistance
As of 12/8/2017 close: 6344.57
UPDATE: I recommended staying short of NASDAQ 100 holdings as long as 6,470 wasnt eclipsed. Downside target of 5,117 was given.
The NASDAQ 100 was down and then up last week. The monthly resistance at 6,378 remains intact despite the persistent bid under the market. The bears need 6,218.50 to be broken on the downside to seize short-term control of things.
Still staying short here with stops on a monthly close above 6,470. Target 5,117 to cover up.