Currently: Short Looking to: Cover @ 6,349
As of 9/9/19 @ 12:35am EST: 7,872.25
LAST WEEK: We suggested shorting at 7,782 with stops above that level and with a target of 6,340.
UPDATE: NASDAQ 100 futures are on the upside again early Monday morning. Theyve been buoyant of late due to
the hopes of an easing of US / China trade tensions.
Technically, they have resistance at both 7919.88 and 8027.88. Were of the opinion that one of those two levels will hold up as resistance and that a corrective move lower to 6,349 is under way. We would short bounces to 7,919.88 with stops on a monthly close above 8028 and with a 6,349 target.