Curr: Long Looking to: Sell / Short at 7,872.50
As of 3/29/20 @ 8:05pm EST: 7,478.25
LAST WEEK: We suggested buying near 6,866.50 with stops on a weekly close below that level and with a target of 7,935.
UPDATE: NQ futures rallied last week but lagged versus the other US indices. This is because the most damaged parts of the US markets were the ones that rallied most violently last week especially energy and financials. NASDAQs upside took prices up to a potential right shoulder line on the weekly / monthly chart at 7,872.50. IF that level ends up holding up on a weekly / monthly basis, we will have to look for a drop down to 5,820 6,245. Wed short at 7,872.50 with stops > 8,052 and with a target of 6,246.