Currently: Short Looking to: Cover @ 8,085
As of 11/15/19 close: 8,323.38
LAST WEEK: We suggested covering shorts and getting long at 8,001.10 with stops on longs honored on a weekly close < 7,899 and with a target of 8,600.
UPDATE: NQ futures are still on the rise led mainly by AAPL, GOOG and FB right now. Technically, the next two possible upside targets are 8,344 and 8,416. From wherever
the short-term top is made, we should see a relatively modest pullback. Were assuming the ceiling will be 8,416 and that a pullback will take prices down to either 8,213, 8,086 or 7,983.
We would look to cover shorts and get long at 8,086 with stops below 7,980 and with a target of 8,600.