Curr: Short Looking to: Cover @ 6,750
As of 4/3/20 close: 7,522.88
LAST WEEK: We suggested shorting at 7,872 with stops > 8,052 and with a target of 6,246.
UPDATE: NQ futures rallied up to our long exit / short entry level early in the week last week and then backed off as the week wore on. Right now, we would anticipate at least a test of
the recent lows near 6,628,75 and possibly an undercut to the
December 2018 monthly close at 6,333.25 (or even the intramonth
low from that month at 5,820.50). From there, were expecting a rally back up to 7,661.25. We would look to cover
shorts at 6,750 and then look to get long starting at 6,333.25 down to 5,820.50 with an upside target of 7,661.25.