Currently: Short Looking to: Cover @ 8,103.75
As of 11/29/19 at 12:26pm EST: 8,416.12
LAST WEEK: We suggested covering shorts and getting long at 8,034 with stops on longs below 8,025 and with an 8,500 tgt.
UPDATE: Friday notwithstanding, we saw another strong week for the NASDAQ futures led by a big and growing
appetite for risk and stocks in particular by institutions.
The daily chart to the right shows a projected third wave resistance coming in at 8492.75. From there, a pullback to 8252.50 or 8103.75 should play out. We would lighten up on longs or short NQ proxies at 8492.75 with stops on shorts on a close above 8,564.78 and with a target of 8103.75.