Curr: Long Looking to: Sell 13,810 / short 13,971.50
As of 3/21/21 @ 7:58pm EST: 12,858.25
LAST WEEK: We suggested buying at 12,664 with an upside target for taking profits at 13,810. We suggested shorting at 14,100 with a covering target of 12,466.
UPDATE: NQ futures had a very difficult session on Thursday but remain poised to move higher – potentially leading the rest of the market short-term. This could be a perfect example of a “catch-up” trade.
We would buy starting at 12,681.75 with a profit-taking target of 13,829. We would not short until 13,890 with stops on a close above 14,100 and with a covering target of 12,466.
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