Near Term Trend: Neutral / Bullish
As of 5/11/2018 close: 6,952.56
UPDATE: Last week, I suggested shorting at 6,856 or buying dips to 6,535 whichever came first.
NDX and the rest of the US stock market broke through the upper edge of the projected trading range last week. Now, it faces two more resistance levels before the bulls can truly declare victory.
Sell longs and get short between 6,960.92 and 7,043. Honor stops on shorts on a daily close above 7,060 and look to cover those shorts on a drop to 6,200.