Near Term Trend: Bearish / Neutral
As of 3/9/2018 close: 7,101.18
UPDATE: Last week, I noted I would be willing to re-try shorts in NDX at 6,869 with stops on a 60-minute close above 6,875 and with a downside target of 6,540.
Stocks continued their rally into the weekend. Stops on shorts should have been honored. The chart to the right shows the nearest identifiable support coming in at around 6,470. Try covering on a dip.
Depending on position size, hang in there for the next drop before covering. Ideally, that would be 6,470.